GOP Senator Defends Fed Chair Amid Trump's Criticism
April 21, 2025 - 09:12
Senator John Kennedy of Louisiana expressed his belief that former President Donald Trump lacks the ability to remove Jerome Powell from his position as chair of the Federal Reserve. During an appearance on NBC's "Meet the Press," Kennedy praised Powell, suggesting that he possesses "tiger blood" and is committed to making decisions that he believes are in the best interest of the economy.
Kennedy's comments come in light of ongoing tensions between Trump and Powell, as the former president has been openly critical of the Fed's monetary policies. Despite these tensions, Kennedy emphasized the independence of the Federal Reserve and the importance of its leadership in navigating economic challenges.
The senator's remarks highlight a divide within the Republican Party regarding the Fed's direction and its role in managing inflation and interest rates. As the economy continues to face uncertainty, the stability of the Federal Reserve and its chair remains a topic of significant discussion among lawmakers and economists alike.
MORE NEWS
June 15, 2025 - 08:35
Three Women Charged with Grand Larceny in GeneseoGENESEO – Three women from Rochester have been charged with grand larceny following an incident involving the theft of property from a business located in the Genesee Valley Plaza. Authorities...
June 14, 2025 - 23:39
Local Financial Advisor Honored with South Carolina Women in Business AwardA local financial advisor is set to be recognized as a prominent business leader in the community with a South Carolina Women in Business Award. Wendy Brewer, a dedicated professional in the...
June 14, 2025 - 04:22
AI-Generated Ad Shines During NBA FinalsPJ Accetturo, an emerging figure in the realm of AI filmmaking, has revealed the creative process behind the eye-catching Kalshi advertisement that captivated audiences during the NBA Finals....
June 13, 2025 - 05:37
A New Era in Multilingual MeetingsGet ready for a world where meetings can be conducted in multiple languages. The emergence of real-time translation technology is revolutionizing the way businesses communicate across language...