Category: Politics News

Powell says Fed is wrestling with whether to cut rates, insulated from politics

NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers wrestle with whether to cut rates as President Donald Trump has demanded. “The Fed is insulated from short-term political pressures -what is often referred to as our ‘independence,’” Powell said in […]

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Powell says Fed is insulated from political pressure

NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. “The Fed is insulated from short-term political pressures -what is often referred to as our ‘independence,’” Powell said in remarks […]

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