Will President-elect Donald Trump rein in the Federal Reserve? While there is the belief that the incoming administration may want a more significant say in monetary policy decision-making, the central bank’s chief, Jerome Powell, is not concerned that a second Trump term will involve diminishing or eliminating the Fed’s independence. The first meeting between Trump and Powell next year will undoubtedly be popcorn entertainment.
Jerome Powell and Trumponomics
Fed Chair Jerome Powell sat down for a half-hour interview with CNBC host Andrew Ross Sorkin during The New York Times’ annual DealBook Summit on December 5. The wide-ranging interview touched upon Fed independence, another Trump presidency, the “vibecession,” Bitcoin and gold, and Powell’s ability to play the guitar and repeat words backward out loud in real-time.
The headline coming…
