President Trump has escalated his attacks on Federal Reserve Chair Jerome Powell, accusing him of not lowering interest rates sufficiently, causing unease in financial markets. The legal complexities surrounding Trump’s ability to oust Powell, especially from his position as chair, remain murky. The prospect of Trump attempting to dismiss Powell presents a potential threat to the Federal Reserve’s autonomy. The ongoing spat between the President and the central bank chief has raised doubts about the Fed’s independence and its ability to operate free from political interference. Powell’s future at the helm of the Federal Reserve remains uncertain as Trump continues to voice his discontent with the bank’s monetary policies. The clash between the two figures has the potential to impact not only the US economy but also global financial markets. Financial analysts and experts are closely monitoring the situation for any further developments that could potentially disrupt the stability of the financial system. The repercussions of Trump’s criticism and potential actions against Powell are being closely watched by investors and policymakers worldwide. The standoff between the President and the Federal Reserve has underscored concerns about the central bank’s ability to carry out its mandate without political pressure.

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Trump escalates criticism of Fed Chair Powell, raising concerns over interest rates and central bank independence.
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