From CNBC: 2024-12-04 15:22:11

Federal Reserve Chair Jerome Powell is not worried about President-elect Donald Trump politicizing the central bank. Powell emphasized Fed independence and safeguards in place to prevent political influence. Trump has previously criticized the Fed and advocated for a say in interest rate decisions. Powell remains confident in Congress’ support for the Fed’s independence. Markets predict a 75% chance of a rate cut at the Fed’s next meeting.

Read more: Powell says he’s not worried about the Fed losing its independence under Trump