Fed Chair Powell faces fresh challenges to Fed independence
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Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Follow live coverage and analysis of the Fed chairman's remarks at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, on Friday.
Federal Reserve Chair Jerome Powell warned that the tariffs unleashed by U.S. President Donald Trump are pushing consumer prices higher and would continue to do so over the coming months.
The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum.