Powell Draws Applause on Independence at Closed-Door IMF Meeting

In Washington, there are few who stand up to the US president as successfully as the US Federal Reserve Chief. In the course of Trump's rage-tirades against Powell, the markets clearly showed which side they are on. Why that is – and why the next escalation is imminent.

Federal Reserve Chairman Jerome Powell has pleaded for protection of...

Federal Reserve Chairman Jerome Powell drew loud applause at a closed-door meeting at the International Monetary Fund (IMF) after he advocated for protection of central banks from political influence.

Powell draws applause on independence at closed-door IMF meeting

The Fed chair told the meeting central banks must be shielded from politics to do their jobs.

Powell Draws Applause on Independence at Closed-Door IMF Meeting

Federal Reserve Chair Jerome Powell used a gathering of finance chiefs from around the world to stress that central banks must be shielded from politics to ensure they can focus on keeping inflation stable and employment high, according to people who listened to his remarks.

Should Economists Champion Fed "Independence"?

As Trump challenges Powell and the Fed’s authority, Dr. Joe Salerno joins Bob to dive into whether "central bank independence" really protects the economy—or just shields elite power.