Fed chief Jerome Powell tells '60 Minutes' that White House pressure didn't affect the decision to pause rate hikes, and believes Trump can't fire him.
Federal Reserve Chairman Jerome Powell turned into a cheerleader for the economy in an interview with “60 Minutes” on Sunday.
In the interview, Powell said the Fed’s decision to pause on interest-rate hikes was not due to White House pressure. “We will never, ever take political considerations into effect,” he said. The American banking system is much stronger and resilient than it was before the financial crisis, Powell said, and the Fed has made a great deal of progress in letting a large financial institution fail.
It has been relatively rare for Fed officials to appear on the national stage. But appearing on “60 Minutes” is now something of a rite of passage for Fed chairmen.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Powell: Fed not in 'any hurry' to change rates amid global risks - tvFederal Reserve Chairman Jerome Powell said on Sunday the U.S. central bank does...
और पढो »
Fed Chairman Powell Sees No Need to Change Rate PolicyFederal Reserve Chairman Jerome Powell said in a ‘60 Minutes’ interview that the U.S. economic outlook is favorable and that the economy doesn’t require higher or lower interest rates now.
और पढो »
Fed Chair Powell: 'The law is clear,' Trump can't fire meWhile continuing to avoid direct comment on the president's withering criticism of central bank interest rate policy, Powell told '60 Minutes' that Trump can't remove him from office.
और पढो »
Fed's Powell says no immediate policy responses needed to economyThe Federal Reserve does not see problems in the U.S. economy that warrant an im...
और पढो »
Donald Trump’s media attacks are “right out of a dictator’s playbook,” Laurene Powell Jobs says“I think the undermining of the media is, in the last two years, unprecedented and really scary, and everybody should pay attention,” said the widow of the late Apple founder Steve Jobs.
और पढो »
Google And 60 Minutes Take Aim At Gender Gap In Tech And MissWhy diversifying the tech industry can't be fixed with a simple solution.
और पढो »