Opinion | How Trump’s pressure tactics against Jerome Powell backfired

Federal Reserve Chair Jerome Powell’s decision to stay on the central bank’s board as a governor despite his term as chair ending on May 15 highlights how President Donald Trump’s authoritarian pressure tactics can backfire. Powell’s tenure as one of the seven governors doesn’t expire until 2028, but he had planned to follow tradition by stepping down after his chairmanship ended. His decision stems from the Justice Department’s criminal investigation, which he claims was a transparent attempt to pressure him into lowering interest rates.

Read the full article and join the community discussion on Inimzu.