• Biden breaks with Trump and says he'll stick up for Federal Reserve's independence

    6 days ago - By Business Insider

    Salwan Georges/The Washington Post via Getty Images, Tasos Katopodis/Getty Images
    Biden said he wanted to break with Trump in sticking up for the Federal Reserve's independence.
    "I want to be real clear that I'm not going to do the kinds of things that have been done in the last administration," Biden said.
    While he was in office, Trump pressured Fed Chair Powell against raising interest rates.
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    President Joe Biden said on Tuesday he would safeguard the independence of the Federal Reserve, breaking with his predecessor, Donald Trump, who often...
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