After spending much of his first year back in power attempting to bully the Federal Reserve into lowering interest rates, President Donald Trump on Friday said he wants the central bank to be “independent” — as his hand-picked chairman was sworn in to replace ideological foe Jerome Powell atop the bank’s board.
Trump’s fresh outlook on the Federal Reserve came as he spoke in the East Room at the swearing-in ceremony for its incoming Board of Governors Chair, Kevin Warsh.
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