1. Trump and Powell's Fed Appear Destined for Another Collision.
- Author
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SMIALEK, JEANNA
- Subjects
- *
PRESIDENTIAL administrations , *INTEREST rates , *BANKERS , *CONSTITUTIONS - Abstract
The New York Times article covers a range of topics, including concerns about the impact of firing undocumented workers on employers, the possibility of a Republican-led constitutional convention, and the risks faced by Kurdish groups in Syria due to Turkish influence. It also touches on the collapse of the German government, President Trump's stance on vaccines, media lawsuits, and drones, as well as potential clashes with the Federal Reserve over interest rates in his second term. The article offers insights into Trump's priorities and foreign policy perspectives as he prepares for his next term, highlighting potential challenges the Federal Reserve may encounter under his policies, such as increased tariffs and immigration restrictions. The suggestion of creating a "shadow" Fed chair to influence real-world interest rates is also discussed, emphasizing the importance of the Fed focusing on economic data and avoiding political distractions. [Extracted from the article]
- Published
- 2024