Fed, Donald Trump and Jerome Powell
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By Michael S. Derby Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell stuck mostly to form on Wednesday, deflecting questions from the press about both his future at the central bank and a criminal probe launched by the Trump administration,
In his final months as Fed chair, Jerome Powell reflects on power, politics, Congress and what it really takes to lead the central bank.
Earlier in January, the DOJ served the Federal Reserve subpoenas threatening criminal indictment over the Fed's renovation expenses.
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Did Fed Chair Jerome Powell Just Throw President Donald Trump Under the Bus Concerning Inflation?
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Jerome Powell advises his successor to stay out of politics and work with Congress as the Fed chair discusses his future at the central bank during a Wednesday press conference.
Powell made clear he believes the Fed can remain independent despite attacks from the Trump administration.
The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.
The Fed and chair Jerome Powell are likely to hold interest rates steady as he faces a criminal investigation launched by President Donald Trump's close ally.