Categories: world

Fed chair Jerome Powell denies Trump affected interest rate decision – Axios

In an interview with CBS 60 minutes, the Federal Reserve chairman Jerome Powell said President Trump's criticism of the central bank and its interest rate hikes did not play a role in the Fed's recent decision to continue raising interest rates further. 19659002] The Big Picture: The Fed's seemingly sudden transition to pause further interest rate hikes came after Trump's unprecedented severe negative comments on Powell and Fed migration rates under his leadership, suggesting that Trump had affected the apolitical central bank. Replaced: Scott Pelley: You raised interest rates at the end of last year and only in early 201 9. The president let it down. And you stopped raising interest rates. Was it because of pressure from the White House and the President? Powell: Not at all. Not at all. And it is very important that the public understand that we should always make decisions based on what we think is right for the American people …. We will never ever take political considerations. This is a strong institution that has a strong culture that I have described it. Other highlights: Powell also said that the president does not have the judicial authority to shoot him, any lawyers and food guard have discussed . He also said that he "fully intends" to serve his four-year-old. Powell also reiterated his concern over the US government debt and said he felt he "has a duty to speak up" when something "threatens the overall economy."

In an interview with CBS 60 minutes, the Federal Reserve chairman Jerome Powell said President Trump’s criticism of the central bank and its interest rate hikes did not play a role in the Fed’s recent decision to continue raising interest rates further. 19659002] The Big Picture: The Fed’s seemingly sudden transition to pause further interest rate hikes came after Trump’s unprecedented severe negative comments on Powell and Fed migration rates under his leadership, suggesting that Trump had affected the apolitical central bank.

Replaced:

Scott Pelley: You raised interest rates at the end of last year and only in early 201

9. The president let it down. And you stopped raising interest rates. Was it because of pressure from the White House and the President?

Powell: Not at all. Not at all. And it is very important that the public understand that we should always make decisions based on what we think is right for the American people …. We will never ever take political considerations. This is a strong institution that has a strong culture that I have described it.

Other highlights: Powell also said that the president does not have the judicial authority to shoot him, any lawyers and food guard have discussed . He also said that he “fully intends” to serve his four-year-old.

  • Powell also reiterated his concern over the US government debt and said he felt he “has a duty to speak up” when something “threatens the overall economy.”
Share
Published by
Faela