Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts | Metals Mine

  • Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

    From apnews.com

    Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands. For months, Powell has largely ignored President Donald Trump’s constant hectoring that he reduce borrowing costs. Yet on Friday, in a highly-anticipated speech, Powell suggested that the Fed could take such a step as soon as its next meeting in September. It will be a fraught decision for the Fed, which must weigh it against persistent inflation and an economy that could also improve in the second half of ... (full story)

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