Fed chair (Jerome Powell)
Jerome Powell is the chair of the U.S. Federal Reserve, the country’s central bank. He leads monetary policy decisions, including setting interest rates to promote maximum employment and stable prices.
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Aug 28, 2026
Center
The US central bank 'will have work to do' unless inflationary pressures recede, according to its Trump-appointed chair who was under pressure to signal if interest rates would rise.
Lib Dems worry that a rate rise could trigger global economic instability, and they advocate for independent central banks free from political pressure, a stance they feel is threatened by Trump's appointments.