Fed, Trump and complete independence
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Ben S. Bernanke was chair of the Federal Reserve from 2006 to 2014, appointed by President George W. Bush. Janet L. Yellen followed him as chair, appointed by President Barack Obama, and served until 2018. She was also Treasury secretary during the Biden administration. Both are economists.
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Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise
New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach.
President Donald Trump is intensifying scrutiny of the Federal Reserve’s $2.5 billion headquarters renovation suggesting possible ‘fraud’
WASHINGTON (Reuters) -U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill. Trump should be careful what he wishes for.