Why Trump Will Pick the Next Fed Chair, With or Without the Senate
Jerome Powell’s decision to publicly attack the Trump administration could give President Trump the opportunity to appoint a leader of the Federal Reserve without Senate approval.
As everyone knows by now, Fed chair Powell took the unprecedented step on Sunday night of posting a video accusing the Trump administration of attempting to undermine the independence of the Federal Reserve . He said, without offering any evidence, that the Justice Department’s inquiries into his Senate testimony and the renovations of the Fed’s headquarters were “pretexts” for attacking the Fed…
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