Fed, Jerome Powell
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In a response to Fortune, Federal Reserve Bank of St. Louis President Alberto Musalem defended the Fed's autonomy, citing global evidence that independent central banks deliver stronger inflation and employment outcomes.
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The New Republic on MSNTrump Rips Jerome Powell as Feud Shows No Sign of Cooling DownPresident Trump on Friday morning threw barbs at Trump-appointed Federal Reserve Chairman Jerome Powell, against whom he’s railed over and over again in recent months due to the Fed’s refusal to cut interest rates.
It’s part of a larger push by Trump-aligned officials to probe the Fed and challenge Chair Jerome Powell’s leadership.
Jerome Powell’s cautious rate policy sparks fierce criticism and succession talks, putting his Fed Chair tenure under unprecedented scrutiny.
During a White House briefing, press secretary Karoline Leavitt brandished a sheet of paper listing global central bank rates with President Trump’s message scrawled across.
Trump tells Bessent, "I like you better," a comment many interpreted as a public signal of Bessent's rising likelihood as a potential successor to the current Fed Chair.