2 articles
Federal Reserve Chair Jerome Powell's recent speech at Jackson Hole was misconstrued, leading to widespread misinformation about abandoning the 2% inflation target. The reality is a shift away from average inflation targeting, not a departure from the core goal.
Donald Trump's administration has launched an unprecedented legal assault on Federal Reserve Chair Jerome Powell, serving grand jury subpoenas over alleged renovation cost overruns—a move Powell explicitly called retaliation for the Fed's refusal to set interest rates based on presidential preferences. This marks a radical departure from historical presidential pressures, weaponizing the Department of Justice against the central bank's independence and sending a chilling message about the rule of law and financial stability, both domestically and globally.
