2026-05-06 17:06
IndustryFierce attacks on Powell
Jerome Powell's decision to remain on the Federal Reserve Board of Governors after his term as Chairman ends is sparking a major controversy in the United States. Senator Scott calls it a "serious mistake" that breaks a 75‑year precedent and could lead to policy clashes with the Trump administration.This move also prevents Trump from quickly gaining a majority on the Fed, escalating power tensions as the White House pushes for lower interest rates. Although a previous legal investigation was dismissed, Powell has chosen to stay until all issues are clarified. Observers warn that this confrontation could undermine the Fed's independence and make US monetary policy more unpredictable in the coming period.
Like 0
FX8835853972
Broker
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Fierce attacks on Powell
Jerome Powell's decision to remain on the Federal Reserve Board of Governors after his term as Chairman ends is sparking a major controversy in the United States. Senator Scott calls it a "serious mistake" that breaks a 75‑year precedent and could lead to policy clashes with the Trump administration.This move also prevents Trump from quickly gaining a majority on the Fed, escalating power tensions as the White House pushes for lower interest rates. Although a previous legal investigation was dismissed, Powell has chosen to stay until all issues are clarified. Observers warn that this confrontation could undermine the Fed's independence and make US monetary policy more unpredictable in the coming period.
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.

Submit
There is no comment yet. Make the first one.