Powell's Fed Faces Inflation Challenges

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monetary policy

CNN

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Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder

Summary

Nutrition label

75% Informative

Inflation is now well below the 40-year highs of 2022 , when the Fed kicked off an aggressive rate-hiking campaign that pushed interest rates to a bruising 23-year high.

President-elect Trump has threatened to impose hefty tariffs and carry out mass deportations, both of which could hike inflation back up and complicate the Fed ’s job.

The Fed 's main tool is its key interest rate, which influences borrowing costs across the economy.

Powell was appointed to lead the Fed by Trump himself, but the incoming president’s admiration soured the same year he began his term.

Trump has repeatedly floated the idea that the president should have some say in setting rates.

That independence, in turn, reassures investors that monetary policy is set based on the economy, not on politics.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity