Part 4/12:
Attempts by President or allies to justify removing Powell based on procedural violations—like delays in approving Fed headquarters renovations—are seen as weak pretexts. Such tactics can damage the credibility of the government and provoke accusations of politicizing monetary policy, which traditionally should remain insulated from political interference.
New York City Mayoral Race: The Political Dynamics and Investor Sentiments
The upcoming mayoral race in New York City has attracted significant attention, not least because of the prominent Democratic candidate, Zoro Mandami, whose campaign has struggled to secure the backing of major Wall Street figures.
Billionaire Backing and the Candidate's Strategy