Powell, Donald Trump and Federal Reserve
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Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
Financial markets finished the week on a high note after Federal Reserve chair Jerome Powell stood his ground against President Trump in a rare joint appearance by the two men on Thursday. The
The dollar index (DXY00) on Friday rose by +0.30%. The dollar rose Friday on comments made late Thursday from President Trump that firing Fed Chair Powell wasn’t necessary, easing concerns around the Fed’s independence that could spark foreign investors to shun dollar assets.
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented,