Trump Targets Fed Shakeup as Tariffs Strain U.S. Economy

Trump Targets Fed Shakeup as Tariffs Strain U.S. Economy

The Trump administration is reportedly preparing to replace Federal Reserve Chair Jerome Powell ahead of the end of his term in May 2026, citing mounting economic challenges tied to its aggressive new tariff regime. The early move underscores a strategic pivot toward stimulating the economy through potential interest rate cuts and monetary easing, which current Fed leadership has resisted. Treasury Secretary Scott Bessent confirmed that ...

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