Trump Tweets on the Fed: By the Numbers from His Last Term
Monday, Nov 11, 2024 4:23 am ET
1min read Trump's victory in the 2024 U.S. election signals that Fed Chair Jerome Powell faces renewed scrutiny over the Federal Reserve's independence in the final two years of his term — with even the risk of removal.
A look back at Trump's first term reveals a history of public pressure on Powell, underscoring his tendency to influence the Fed's decisions.
However, given recent statements from Powell and signs of a more tempered stance from Trump, it's likely that Powell will serve out his term. Whether Trump will continue to apply pressure on the Fed remains an open question.
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