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WASHINGTON -- WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP ...
US President Donald Trump is stepping up pressure on Federal Reserve Chair Jerome Powell, with a White House official saying he discussed firing the central bank chief in a meetin ...
Politicians often want lower rates. Central banks seek stable prices.
The Fed has long maintained independence from the White House to avoid political pressures influencing monetary policy.
Donald Trump’s relentless pressure on Jerome Powell is once again roiling markets and raising questions about what would happen next if the president fired the embattled Federal Reserve chair.