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Trump has been putting pressure on Fed Chair Jerome Powell raising serious questions central bank is to function Read More

AP Photo/Alex Brandon
Trump and Fed Chair Jerome Powell
In the early 1970s, President Richard Nixon handily won another term in the White House after pressuring his Federal Reserve chairman to keep interest rates low. There was a catch, though: the American economy entered a decade of turbulence, plagued by periods of double-digit inflation.

Trump has been putting pressure on Fed Chair Jerome Powell raising serious questions central bank is to function Read More