Trump is ‘extremely troubled’ by Fed’s approach according to new letter, but bank official stands firm on independence

fortune.com/2025/07/11/trump-troubled-fed-offices-powell-base-rate-independence-st-louis

The White House’s latest criticism of Fed Chair Jerome Powell over building renovations marks a broader push by President Trump to exert pressure on the independent central bank. In a response to Fortune, Federal Reserve Bank of St. Louis President Alberto Musalem defended the…

This story appeared on fortune.com, 2025-07-11 15:02:19.
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