India  

Top Federal Reserve official defends central bank's independence in wake of Trump win

SeattlePI.com Thursday, 14 November 2024 ()
A Federal Reserve official has given a lengthy defense of the central bank's political independence. It comes just days after former President Donald Trump, previously an outspoken Fed critic, won re-election. Andriana Kugler, a member of the Fed’s board, says economic research shows that an independent central bank typically does a better job keeping inflation low. Kugler spoke just a week after Fed Chair Jerome Powell tersely denied that Trump had the legal authority to fire him, as the president-elect has acknowledged he considered doing during his first term. Powell also said he wouldn’t resign if Trump asked.
0
shares
ShareTweetSavePostSend
 
Video Credit: Rumble - Published
News video: Episode 577 - Border Czar Tom Homan Issues Warning to Democrat Governors and Mayors,

Episode 577 - Border Czar Tom Homan Issues Warning to Democrat Governors and Mayors,

Episode 577 - Border Czar Tom Homan Issues Warning to Democrat Governors and Mayors, We have to close the border for a better America, Trump talks about free speech, Trump on 2A, You are a warrior, How to go to the inauguration in 2025, MIC DROP: RFK Jr. Shuts Down Smug Journalist's...

You Might Like


Related videos from verified sources

Trump and Elon Musk’s Department of Government Efficiency (DOGE) Explained [Video]

Trump and Elon Musk’s Department of Government Efficiency (DOGE) Explained

President-elect Donald Trump has appointed Elon Musk to lead a newly established advisory body, the Department of Government Efficiency (DOGE), designed to streamline federal bureaucracy with an..

Credit: What's Trending     Duration: 02:16Published
Trump 2.0: Elon Musk, Vivek Ramaswamy In Top Roles In Donald Trump's Cabinet | Key Details [Video]

Trump 2.0: Elon Musk, Vivek Ramaswamy In Top Roles In Donald Trump's Cabinet | Key Details

President-elect Donald Trump has selected Elon Musk and Vivek Ramaswamy to lead the newly established Department of Government Efficiency. This department aims to reform government operations by..

Credit: Oneindia     Duration: 03:20Published
Trump To Put ‘Deep State’ On Notice? Agenda47 Federal Reforms Trigger Worries In Washington Ranks [Video]

Trump To Put ‘Deep State’ On Notice? Agenda47 Federal Reforms Trigger Worries In Washington Ranks

Donald Trump is set on dismantling the "deep state," a term Republicans use to describe hidden bureaucratic powers in agencies like the FBI and CIA. His Agenda47, a 10-point plan, includes..

Credit: Oneindia     Duration: 03:21Published

Related news from verified sources

Fed's Powell: Will not quit even if asked by Trump

Following Donald Trump's re-election, Federal Reserve Chair Jerome Powell affirmed the central bank's independence, stating that he would not resign if asked and...
IndiaTimes