26 June 05:25

International
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President Trump has again criticized the leadership of the Federal Reserve, calling Jerome Powell 'awful' and suggesting he has already outlined a selection process for the next Fed chief. Among the candidates are Kevin Warsh and Kevin Hassett. Although Trump has previously said he has no plans to fire Powell, he has issued veiled threats of a leadership change, sparking fears about the Fed's independence. Powell recently acknowledged that trade tariffs could accelerate inflation, adding uncertainty to financial markets.