Federal Reserve Shows Unexpected Unity, Independence
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The evolution of America’s central banking system traces back to Alexander Hamilton’s inspiration for the First Bank of the United States.
Since returning to the White House, Donald Trump has targeted the independence of the Federal Reserve. The institution has been at the heart of constant tension between the need for a strong monetary authority and the wishes of successive presidents,
Federal Reserve Chair Jerome Powell’s comments at Jackson Hole Friday hinting at the possibility of an upcoming interest rate cut should have been music to President Donald Trump’s ears.
Donald Trump’s attempt to remove Lisa Cook from the Federal Reserve Board is a dangerous threat to the board’s independence, writes Tom Zirpoli.
The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.
NPR's Ayesha Rascoe talks to University of Michigan economist Justin Wolfers about the Federal Reserve meeting this week and what the expected interest rate cut could mean for the economy.