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Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise
New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump ...
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Trump firing the Federal Reserve Chair would upend its long tradition of independence
MA: The Federal Reserve System was created over a century ago. In those early decades, can you tell us what the relationship was between the president and the Fed? BINDER: Sure. The Fed was created in ...