Federal Reserve Chairman Jerome Powell Responds to Criticism from President Trump
Federal Reserve Chairman Jerome Powell addresses criticism from President Trump and reiterates commitment to using monetary policy tools for the benefit of the US economy.
Federal Reserve Chairman Jerome Powell Responds to Criticism from President Trump
In a press briefing on May 7, 2025, Federal Reserve Chairman Jerome Powell responded to criticism from US President Donald Trump regarding his role as the head of the Fed. Powell emphasized that Trump's comments do not affect his job and reiterated his focus on maximizing employment and ensuring price stability for the American people through the use of monetary policy tools available at the Federal Reserve.
Powell stated, "We're always going to do the same thing, which is we're going to use our tools to foster maximum employment and price stability for the benefit of the American people." He further reaffirmed that economic data would be the primary consideration for him and his team in making policy decisions.
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