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Chairman Powell stands firm on Fed independence

Tuesday, June 25, 2019 - 01:43

Federal Reserve Chairman Jerome Powell pushed back at White House criticism, declaring the world's most powerful central bank was designed to be ''insulated from short-term political pressures,'' and is now grappling with the question of when a rate cut will be necessary.

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Federal Reserve Chairman Jerome Powell pushed back at White House criticism, declaring the world's most powerful central bank was designed to be "insulated from short-term political pressures," and is now grappling with the question of when a rate cut will be necessary.

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Chairman Powell stands firm on Fed independence

Tuesday, June 25, 2019 - 01:43