1 of 1
Story summary
- Kevin Hassett, National Economic Council director, called Jerome Powell’s continued Federal Reserve (Fed) Board service “extremely unorthodox” because it blocks a Trump-appointed seat.
- The Federal Reserve (Fed) left its benchmark rate unchanged last month despite President Donald Trump’s repeated calls for steep cuts.
- Kevin Warsh, Trump-appointed governor and Fed Chair, said inflation stays high but expectations have fallen and the Fed will keep targeting 2% inflation before its July meeting.
