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A disaster for working Americans: Trump's attacks on Fed chair Jerome Powell risk tanking the dollar - Velshi - MSNBC
Donald Trump’s attacks on Federal Reserve Chair Jerome Powell threaten far more than one man’s job—they endanger the entire U.S. and global economy. The Fed was intentionally designed to operate independently of political pressure, with a core mission to stabilize prices and support employment. Undermining that independence for the sake of one man’s political agenda won’t just spark academic debate—it will raise your mortgage, inflate your grocery bill, and destabilize financial markets.
Stripping the Fed of its autonomy would be a blow to working Americans and could send shockwaves through the global economy—jeopardizing U.S. leadership and the dollar’s global dominance. - Aired on 07/19/2025.
3 replies
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= new reply since forum marked as read
And was reappointed by President Biden, confirmed by the Senate in May 2022. 