Trump's attacks on the Fed are a departure from almost three decades of caution in the White House about making public comments on monetary policy, out of respect for the independence of the central bank.
(Bloomberg) –Federal Reserve Chairman Jerome Powell said he intends to serve his full four-year term as head of the Federal Reserve, after the White House explored ways of removing him from the job amid criticism from President Donald Trump.
“I think the law is clear that I have a four year term, and I fully intend to serve it,” Powell said at a press conference in Washington on Wednesday after policy makers met to discuss interest rates. They left the benchmark rate unchanged, while signaling a cut has become more likely.
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