🚨 #عاجل | Powell on the question of replacing the new head of the Fed: "No"… and no impact on his work
◽ During the press conference following the Federal Reserve's decision to cut #الفائدة 25 basis points, Jerome #باول was asked whether President Donald Trump's statements regarding the appointment of a new Fed chair would hinder his work.
◽ Powell responded succinctly and clearly: "No."
◽ The response reflects Powell's commitment to the principle of Fed independence and his immunity to the political tug-of-war surrounding the selection of the central bank president.
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