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Powell Says Fed Insulated From Politics, Wrestling With Rate Cuts

Video Credit: Wochit News - Duration: 00:41s - Published
Powell Says Fed Insulated From Politics, Wrestling With Rate Cuts

Powell Says Fed Insulated From Politics, Wrestling With Rate Cuts

According to Reuters, Federal Reserve Chairman Jerome Powell said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded.

Powell said that “The Fed is insulated from short-term political pressures -what is often referred to as our ‘independence." Powell added that he and his colleagues are “grappling” with whether current risks to the economy warrant a rate cut.

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