Reuters: U.S.

Thursday, August 22, 2019

News Alert: All eyes on Fed chairman as recession fears ramp up

 
 
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All eyes on Fed chairman as recession fears ramp up
Federal Reserve Chairman Jerome Powell faces a political and economic gauntlet as the central bank fights to protect its independence and the U.S. economy amid escalating attacks from President Trump.

Washington and Wall Street will be parsing Powell’s words Friday morning as he speaks for the first time since a recent series of economic red flags spurred fears of an impending recession.
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