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Powell Says Fed Is Wrestling With Whether to Cut Rates, Insulated From Politics

Video Credit: Wochit News - Duration: 00:36s - Published < > Embed
Powell Says Fed Is Wrestling With Whether to Cut Rates, Insulated From Politics

Powell Says Fed Is Wrestling With Whether to Cut Rates, Insulated From Politics

According to Reuters, Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers wrestle with whether to cut rates as President Donald Trump has demanded.

In a speech Powell added that “Congress chose to insulate the Fed this way because it had seen the damage that often arises when policy bends to short-term political interests.

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Powell Says Fed Is Wrestling With Whether to Cut Rates, Insulated From Politics

DEC.

24, 2018, FILE PHOTO FEB.

5, 2018, FILE PHOTO A MARCH 20, 2019, FILE PHOTO




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