Powell looks to keep Fed’s independence

Powell looks to keep Fed’s independence

WASHINGTON — Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands. Read more...

Only 37% of Americans trust Powell as economic confidence in the Fed hits record low

Only 37% of Americans say they trust Jerome Powell to make the right calls for the economy, according to Gallup. That’s it. Not even four in ten people. The Fed Chair, who is in his second term, just posted his second-worst approval rating ever. And this isn’t just a blip. The only time confidence in the position was this low in the last two decades was in 2014, when Janet Yellen was running the show. Back in 2020, Powell had 58%. Now, barely an…