Trump escalated his long-running public attack on the Fed, creating a lose-lose situation for the central bank as it navigates the risks of higher prices and weaker growth from tariffs

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The Fed seat appears earlier Congress this week. How lawmakers respond volition beryllium a cardinal gauge of enactment for cardinal slope independence.

President Trump escalated his long-running nationalist attack connected the Federal Reserve, creating a lose-lose concern for the cardinal slope arsenic it navigates the risks of higher prices and weaker maturation from tariffs.

The battle has small modern precedent and forces the Fed to face a dreadful choice: It could chopped rates sharply arsenic Trump demands and hazard fueling ostentation that damages its credibility with markets. Or it could support its existent wait-and-see stance, and look further bullying that would weaken its lasting if the system slows sharply and the medication is validated successful its presumption that ostentation shouldn’t beryllium a worry.

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