fromFortune
6 hours agoTrump may have shot himself in the foot at the Fed, as Powell could stay on while Miran resigns from White House post | Fortune
President Trump's plans for a more receptive Fed may have backfired so spectacularly that Jerome Powell may end up staying as chairman beyond the end of his term, while Stephen Miran, Trump's most loyal supporter on the bank's rate-setting committee, leaves the institution. Trump has repeatedly taken aim at the chairman of the U.S. Federal Reserve-often via personal insults-since launching his presidential bid. First, he wanted Powell to hold interest rates higher to avoid boosting President Biden's ratings on the economy.
US politics