Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question. [Source]
Publication Date:Origin: nytimes.com
Category: United States Politics and Government
Topics: question, comes, independence, bank’s, central, returns, higher, demand, might, consumers, businesses, matter, rates, interest, control, Investors, Higher, Could, Powell, Firing, Rates, Lower, Wants, Trump
Source: https://www.nytimes.com/2025/07/17/business/trump-powell-federal-reserve-higher-rates.html