Higher Long-Term Interest Rates If Trump Fires Powell From The Fed
2025-07-17 21:30:00 ET
President Trump has been unhappy with the Federal Reserve’s interest rate decisions, which in 2025 have left policy rates unchanged. The president, along with his fellow real estate developers, prefers low interest rates. But the Federal Reserve Act protects the Fed chair’s removal except "for cause." The president may have cause in connection with building renovations at the Fed....
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