For months, President Donald Trump has repeatedly criticized Federal Reserve Chair Jerome Powell for keeping interest rates steady. Trump, who wants rates cut, has vowed to replace Powell, whose term as chair ends in 2026, with someone more compliant. The president said on Aug. 12 that he is weighing a lawsuit against Powell over the renovation of the central bank’s headquarters, a project whose cost overruns have drawn scrutiny. On Aug. 22, Trump escalated his campaign against the Fed’s indepen
www.bloomberg.com
#Whats #Stake #Fight #Fed #Independence
What’s at Stake in the Fight Over Fed Independence
