WNYT NewsChannel 13 on Nostr: Federal Reserve highlights its political independence as presidential campaign heats ...
Federal Reserve highlights its political independence as presidential campaign heats up
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The Federal Reserve released its twice-yearly report on its interest-rate policies, emphasizing the importance of its political independence. The report includes a new box titled 'Monetary policy independence, transparency, and accountability,' where the Fed stressed the need for it to operate independent of political pressures. The Fed is seeking to shore up support in Congress for its independence. President Donald Trump frequently attacked the Fed's policymaking in the past, calling it 'my biggest threat.' Chair Jerome Powell mentioned the importance of independence as a crucial bulwark against political attacks on the Fed. Powell stated that support for the Fed's independence is high on Capitol Hill in both political parties. Trump has indicated that he wouldn't renominate Powell if he is elected president again. Powell, however, stated that he is not focused on the potential threat to the Fed's independence and believes they should continue doing their jobs. The report also includes the Fed's analysis of job growth, inflation, interest rates, and other economic trends.
#FederalReserve #PoliticalIndependence #PresidentialCampaign #InterestratePolicies #Congress #JeromePowell #DonaldTrump
https://wnyt.com/us-news/federal-reserve-highlights-its-political-independence-as-presidential-campaign-heats-up/
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The Federal Reserve released its twice-yearly report on its interest-rate policies, emphasizing the importance of its political independence. The report includes a new box titled 'Monetary policy independence, transparency, and accountability,' where the Fed stressed the need for it to operate independent of political pressures. The Fed is seeking to shore up support in Congress for its independence. President Donald Trump frequently attacked the Fed's policymaking in the past, calling it 'my biggest threat.' Chair Jerome Powell mentioned the importance of independence as a crucial bulwark against political attacks on the Fed. Powell stated that support for the Fed's independence is high on Capitol Hill in both political parties. Trump has indicated that he wouldn't renominate Powell if he is elected president again. Powell, however, stated that he is not focused on the potential threat to the Fed's independence and believes they should continue doing their jobs. The report also includes the Fed's analysis of job growth, inflation, interest rates, and other economic trends.
#FederalReserve #PoliticalIndependence #PresidentialCampaign #InterestratePolicies #Congress #JeromePowell #DonaldTrump
https://wnyt.com/us-news/federal-reserve-highlights-its-political-independence-as-presidential-campaign-heats-up/