Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates
Nytimes·2025-12-08 10:03
Core Insights - The chair of the central bank is facing internal divisions within the institution while also being pressured by President Trump and potential successors [1] Group 1 - The central bank's leadership is currently experiencing significant challenges due to internal conflicts [1] - President Trump is actively involved in the situation, adding external pressure on the central bank's chair [1] - There are front-runners emerging who are positioning themselves to replace the current chair of the central bank [1]