๐จ๐๐จ๐ฐ๐๐ฅ๐ฅ ๐ฏ๐ฌ ๐๐ซ๐ฎ๐ฆ๐ฉ: ๐ ๐๐๐ญ๐ญ๐ฅ๐ ๐จ๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐ข๐ฌ๐ข๐จ๐ง๐ฌโ
In a May 25 speech at Princeton University, Federal Reserve Chair Jerome Powell defended his pandemic-era policies, emphasizing that near-zero interest rates and massive asset purchases were crucial in preventing an economic collapse. Responding to criticism from Donald Trump and Kevin Warsh, Powell maintained that these measures saved millions of jobs and stabilized the U.S. economy.
He also expressed strong support for civil servants and universities, institutions often targeted by Trumpโs administration, and highlighted the importance of democratic values and public service. Powell made it clear he would not step down if pressured, reaffirming the Fed's independence.
The contrast between Powellโs cautious, institutional approach and Trumpโs aggressive, business-driven rhetoric continues to shape the U.S. economic landscape. With Powell likely to remain conservative on rate cuts, the coming months will be pivotal.
