Trump’s actions unlikely to affect Fed’s independence
Plenty of President Trump’s recent acts as president are making headlines, but there has also been a steady stream of stories about something he hasn’t done: Remove Jerome Powell as chair of the Federal Reserve.
The two previous Fed chairs, Ben Bernanke and Janet Yellen, have warned that such a move would upset financial markets and hurt the economy by subverting monetary policy to political whim. Meanwhile, Trump backers are urging him on.
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