Trump, Federal Reserve
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Trump has urged the Fed to significantly lower interest rates.
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Jerome Powell, the current Chairman of the Board of Governors of the Federal Reserve System, has fully embraced the "quantitative" approach devised by Bernanke. Many of Powell's critics argue that he has always been slow to respond to the current needs of the financial system, but once "on board," he gets fully behind the effort.
Most Americans want the Supreme Court to decide against President Trump on his tariff authority and his attempt to fire Federal Reserve board of governors member Lisa Cook, according to a new poll. The Marquette Law School Supreme Court poll found that 63 percent of respondents said that they want the nation’s highest court
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Treasury Secretary Scott Bessent said at a congressional hearing Wednesday that the president has the right to interfere with the decision-making of the Federal Reserve.
A top Senate Republican has said Fed chair Jay Powell has not “committed a crime”, in a strong rebuke of the Trump administration’s probe into the central bank chief from a senior member of the president’s own party.
The Tioga County Chamber of Commerce will host its annual economic outlook event featuring the Federal Reserve’s first presentation in the county.