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Fed Chair Jerome Powell assures Fed independence, aims for economic "soft landing" under Trump.
Federal Reserve Chair Jerome Powell stated that he is not concerned about the Fed losing its independence under President-elect Donald Trump, despite Trump's desire to have input into interest rate decisions.
Powell emphasized that the Fed's role is to serve "all Americans" without political influence.
He noted that the US economy is strong, allowing the Fed to be cautious with interest rates and aiming for a "soft landing" to control inflation without causing a recession.
9 months ago
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