The past week has been a whirlwind of economic news, with President Donald Trump’s influence on the Federal Reserve and the U.S. economy taking center stage. From former Federal Reserve Chairs’ warning about potential economic damage to record-setting inflows into U.S. assets, the week was filled with significant developments.
Let’s dive into the top stories of the week.
Former Fed Chairs Warn Of Economic Damage
Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have expressed concern over President Trump’s pressure on current Fed chief Jerome Powell. They warned that this could lead to higher inflation and economic damage. They emphasized the importance of the central bank’s independence and urged Trump to nominate a successor for Powell who would uphold this independence.
Record Inflows Into US Assets
Despite fears that …