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Can the Fed stay independent under Trump? US military action upends oil markets
Published 9 months ago
Description
The US Department of Justice is investigating Federal Reserve Chairman Jerome Powell over alleged cost overruns on building renovations. At least, that's the story on paper. When you zoom out, it's clear that the Trump administration has been putting the pressure on Powell for months to lower interest rates, and this might just be the latest tactic. But will it backfire?