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[ Thu, Apr 24th 2025 ]: CNN
Politics of the Day | CNN Politics

On GPS: Donald Trump takes on the Fed | CNN Politics

Will the fight between President Trump and the Fed chair blow over? Or are we going to see it recur, shaking markets each time? Fareed talks about this and more with The Economist's editor-in-chief Zanny Minton Beddoes and hedge fund billionaire Ray Dalio.
In a recent interview on CNN's "Fareed Zakaria GPS," Federal Reserve Chairman Jerome Powell discussed the potential economic implications of former President Donald Trump's policies if he were to be re-elected. Powell emphasized the importance of maintaining the Fed's independence from political influence, expressing concerns about Trump's past criticisms of the central bank and his suggestions for manipulating interest rates for political gain. The Fed Chair highlighted the risks of such actions, including increased inflation and economic instability, and stressed the need for a stable and predictable monetary policy to foster long-term economic growth. Powell's comments come at a time when the Fed is navigating complex economic challenges, including managing inflation and interest rates amidst global uncertainties.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/27/politics/video/gps0427-trump-and-fed-chair-jerome-powell ]