Part 1/12:
US Political and Economic Developments: Trump, the Federal Reserve, and International Conflicts
Trump Weighs Dismissal of Fed Chair Jerome Powell Amid Budget and Interest Rate Concerns
Recent reports suggest that former President Donald Trump contemplated drafting a letter to dismiss Federal Reserve Chair Jerome Powell. The New York Times indicated that discussions within the White House involved whether to replace Powell, with Treasury Secretary Janet Yellen confirming that moves to do so were already underway, signaling a formal process had begun.