Chicago Fed President Austan Goolsbee says a move by Trump to terminate Jerome Powell would ‘undermine the credibility of the Fed’

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President Donald Trump said this week Jerome Powell’s "termination cannot come fast enough.

I think there could certainly be some reduction in the extent of the independence of the Fed going forward,” Itay Goldstein, finance department chair at the University of Pennsylvania’s Wharton School, told Fortune’s Greg McKenna.“Hopefully not.

Still, there’s debate about whether Fed independence is truly protected.

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Article Details

Author / Journalist: Sydney Lake

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Jerome powell Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-20 @ 18:49:20 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 131 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28055826

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 27 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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