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Donald Trump’s Escalating Attacks on Federal Reserve Unnerve Investors
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Trump berated the idiot who appointed the chair of the Federal Reserve and the punchline was predictable but no less magnificent for it
Donald Trump has got the hump. He’s got the hump about many things right now, but in this instance it’s Federal Reserve chair Jerome Powell who’s got his goat. Trump wants him the Fed to cut interest rates in a bid to spur economic growth and Powell has so far politely, but firmly, declined, prompting […] The post Trump berated the idiot who appointed the chair of the Federal Reserve and the punchline was predictable but no less magnificent for …
Donald Trump’s escalating attacks on Federal Reserve unnerve investors
US President Donald Trump’s escalating attacks on the Federal Reserve have rattled financial markets, with investors increasingly concerned about risks to the central bank’s independence and long-term ability to fight inflation. The US dollar, a proxy for the health of the world’s biggest economy, tumbled 1.2 per cent against a basket of peers on Wednesday immediately after reports saying the US president had asked a group of lawmakers whether h…
In recent weeks, calls to lower rates or to the resignation of Jerome Powell have become almost daily. This is all the more problematic as they come from the US President himself. However, Drechsel's academic work (2023) has shown that the interactions between the US government and the Fed have never been as numerous as during the 1970s. The conclusion of this work is unappealable: political interferences amplify inflation, are ineffective in st…
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