Former Fed Chairman Jerome Powell Just Warned of a Huge Threat Looming Over the Current Bull Market
Will the Federal Reserve act in the best interest of the American people?
Former Fed Chairman Jerome Powell Just Warned of a Huge Threat Looming Over the Current Bull Market
Overview
As Federal Reserve chairman, Jerome Powell had one of the most contentious tenures in the central bank's history. He faced significant political pressure from President Donald Trump, including a criminal investigation over the costs of renovating the Fed buildings. The actions of the Trump administration led Powell to continue serving as a member of the board of governors and a voting member in the FOMC after stepping down as chair at the end of his term last month.
Powell's response to Trump's political pressure also led the Kennedy family to honor him with the JFK Profile in Courage Award this year. During his acceptance he warned everyone of a huge threat to financial markets that investors can't ignore.
Image source: Federal Reserve.
Details
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Originally published at www.fool.com.
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