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Former Fed Chair Jerome Powell Just Took a Jab at President Donald Trump, While Indirectly Leveling With Wall Street About Inflation
Former Fed chair Jerome Powell, now governor, warned of rising inflation to 4.18% (per Cleveland Fed estimates) during his JFK award speech, while criticizing Trump's rate demands.
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Former Fed Chair Jerome Powell Just Took a Jab at President Donald Trump, While Indirectly Leveling With Wall Street About Inflation
Key PointsJerome Powell's final day as Fed chair was May 15, paving the way for Kevin Warsh to take the lead position (officially) on May 22.The Federal Reserve's credibility is predicated on its independence from political persuasion.Powell offered an indirect reality check on inflation that should hit home with Wall Street.10 stocks we like better than S&P 500 Index › It's been quite the year for Wall Street and America's foremost financial in…
·Alexandria, United States
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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