US Fed chairman Jerome Powell says will not leave early if asked by Trump

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The story "US Fed chairman Jerome Powell says will not leave early if asked by Trump" was covered 2 weeks ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 2w ago

US Fed chairman Jerome Powell says will not leave early if asked by Trump - The Straits Times

Quick Summary:

Powell was speaking at a press conference after unveiling a quarter point interest rate cut.

His comments underscore the delicate balancing act policymakers may have to play in the next Trump administration, given the US president-elect’s recent criticism of the Fed.

The president-elect has also said he would like “at least” a say over setting Fed interest rates, something not currently allowed under the bank’s dual mandate from Congress to act independently to tackle both inflation and unemployment.