1 Day
Source:
The Boston Globe
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Trump’s bid may harm economy
Jerome Powell, former Federal Reserve Chair, received the JFK Profile in Courage Award for defending the independence of the Fed amid criticism from President Trump, who publicly pressured him to lower interest rates. Despite Trump's efforts to influence appointments and threaten Fed officials, Powell remained committed to monetary policy based on economic analysis. Powell continues to serve on the Fed board, watching his successor, Kevin Warsh, navigate pressures from Trump to pursue lower rates.
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