After a year of public pressure from President Trump calling for his removal as Chair of the Federal Reserve, Powell released a video this weekend stating that he has been threatened with criminal charges related to his testimony on Federal Reserve renovations.
Powell says the pressure stems from the Fed “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”
In this week’s breakdown, we cover: how we got here, what this means for markets and institutions, and most importantly, how this could impact the American manufacturer.