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The Guardian - AU

National

Luca Ittimani

How would a Trump takeover of the Fed affect Australia?

Donald Trump US Federal Reserve Jerome Powell United States Australia RBA Jonathan Kearns Michele Bullock Inflation Interest Rates

Donald Trump and Jerome Powell wearing hard hats — Donald Trump tours the Federal Reserve building – now undergoing renovations – with Fed chair Jerome Powell last July. Photograph: Kent Nishimura/Reuters

The Reserve Bank governor has defended her US counterpart from the Trump administration’s escalating attacks, calling for interest rates to be set free of political pressure.

Michele Bullock and nine foreign central bank heads on Tuesday said they held Jerome Powell in the “highest regard” after he claimed a new criminal investigation was prompted by his failure to follow Donald Trump’s interest rate orders.

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