Federal Reserve Chair Jerome Powell Addresses Potential Clashes with Incoming Trump Administration
Jerome Powell emphasizes Fed's independence amidst anticipated tension with President-elect Trump's economic policies that may drive inflation.
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Updated: Dec 5th, 2024, 10:12 AM ET
Summary
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During the DealBook summit, Jerome Powell reinforced the Federal Reserve's independence amidst concerns over potential clashes with Donald Trump's incoming administration due to tax cuts and tariffs that could exacerbate inflation and complicate interest rate policies.
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