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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it mattersPresident Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
Powell: Higher rates won't likely cause deep US recession
Read full article: Powell: Higher rates won't likely cause deep US recessionThe last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment.
Climate change alters life at Fed's Jackson Hole conference
Read full article: Climate change alters life at Fed's Jackson Hole conferenceWhen officials of the Federal Reserve Bank of Kansas City sought a location for an annual economic symposium in 1981, they chose Jackson Hole, Wyoming, for a simple reason: It had fly-fishing.
Fed's Powell: Russia's war on Ukraine will worsen inflation
Read full article: Fed's Powell: Russia's war on Ukraine will worsen inflationFederal Reserve Chair Jerome Powell warned that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.