Trump victory poses challenges for the Fed’s independence …C0NTINUE READING HERE >>>
Donald Trump first nominated Jerome Powell to run the Fed.
Photo: SAUL LOEB / AFP
Source: AFP
Donald Trump’s return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference.
The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment — primarily by raising and lowering interest rates.
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