Federal Reserve independence is a foundational principle that safeguards the central bank from political interference, allowing it to make crucial economic decisions free from outside pressures.This independence has been increasingly tested in recent years, notably under President Donald Trump, who has vocally criticized Jerome Powell, the current chair of the Federal Reserve, for his cautious approach to interest rates.
Tag: interest rates
Trump Tariffs Economic Impact: Inflation and Growth Concerns
The Trump tariffs economic impact is already being felt across various sectors, significantly shaping the contours of the U.S.economy.