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 One thing Donald Trump and Joe Biden have in common is nominating Jerome Powell to the Fed—but their treatment of him is vastly different
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Donald Trump and Joe Biden both nominated Jerome Powell to the Federal Reserve, but their treatment of him differs greatly. Biden adhered to the expectation that the president does not interfere with the Fed's monetary policy, while Trump exerted public pressure on Powell. Powell was first appointed to the Federal Reserve Board of Governors in 2011 by Barack Obama, then nominated by Trump for his first term, and later re-nominated by Biden. Trump openly criticized Powell and considered firing him, while Biden distanced himself from such behavior. Biden expressed faith in the Fed's ability to lower prices and committed to respecting the Fed's independence. The article highlights the different beliefs each candidate has about the role of the Federal Reserve.

#DonaldTrump #JoeBiden #JeromePowell #FederalReserve #MonetaryPolicy

https://fortune.com/2024/03/16/donald-trump-joe-biden-jerome-powell-federal-reserve-2024-presidential-election/