Fed Chairman Jerome Powell.
Chip Somodevilla/Getty Images
hide caption
toggle caption
Chip Somodevilla/Getty Images
Fed Chairman Jerome Powell.
Chip Somodevilla/Getty Images
What does it take to keep the economy stable?
That is a question that Jerome Powell considers every day in his role as Chair of the Federal Reserve. It’s also a role that is meant to be done independent of politics.
However, Powell’s name has been making headlines, following a series of comments made by President Trump attacking Powell, after he warned that the President’s aggressive tariff policies could hurt the economy.
President Trump has been threatening to fire Powell, something he backed away from Tuesday afternoon.
As NPR’s Scott Horsley reports, all this is further rattling financial markets, making Jerome Powell’s task of keeping the economy stable even harder to do.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at [email protected].
This episode was produced by Michael Levitt. It was edited by Courtney Dorning and Rafael Nam. Our executive producer is Sami Yenigun.
