đź’¨ Abstract
The article discusses the growing tension between President Trump and Federal Reserve Chair Jerome Powell over US monetary policy. Trump is frustrated with Powell for not cutting interest rates, and has considered firing him. The Fed, however, does not report to the President, and makes policy decisions based on keeping inflation stable and supporting maximum employment. The Fed Chair, Jerome Powell, warned of a potential conflict between these goals due to the risk of stagflation.
Courtesy: wtop.com
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