WASHINGTON: Outgoing US Federal Reserve chair Jerome Powell on Sunday (May 31) delivered a staunch defence of the need for the central bank to maintain independence and credibility, as it comes under assault from President Donald Trump. "Like many other institutions, the Fed has been undergoing a stress test," he said as he accepted an award from the John F Kennedy Library Foundation. "If any administration finds a way to remove Fed officials over policy differences, then future administrations

Tag-uri: Donald Trump