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The Federal Reserve’s independence is hanging by a thread in the age of Trump
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his will Jerome Powell, who stepped down this week as chair of the Federal Reserve , had his hits and misses.
AI Summary
The Federal Reserve's independence is being scrutinized under the Trump administration. President Trump aims to exert influence over the Fed, a move that could compromise its autonomy. Jerome Powell, the former Fed chair, defended the institution's independence during his tenure.
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