Trump's attacks on the Fed are a departure from almostthree decades of caution in the White House about making publiccomments on monetary policy, out of respect for the independence ofthe central bank.
(Bloomberg) –Federal Reserve Chairman Jerome Powell said heintends to serve his full four-year term as head of the Federal Reserve, after the White House exploredways of removing him from the job amid criticism from PresidentDonald Trump.
“I think the law is clear that I have a four year term, and Ifully intend to serve it,” Powell said at a press conference inWashington on Wednesday after policy makers met to discuss interestrates. They left the benchmark rate unchanged, while signaling acut has become more likely.
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