Republican senator backs Powell over Trump attacks on Fed

Contributing sentiments towards policy:

52% : Some officials at the central bank think tariffs could drive annual price rises back up to as high as 5 per cent later on this year -- should Trump reintroduce levies on the scale announced on April 2. Austan Goolsbee, president of the Chicago Fed, said on CBS on Sunday that many businesses were doing "pre-emptive purchasing" of products that could be affected by tariffs, meaning "activity might look artificially high" before a drop-off in the summer.
51% : " The remarks come just days after Trump signalled he believes he does have the authority to fire Powell, telling reporters in the Oval Office on Thursday: "If I want him out, he'll be out real fast, believe me.
47% : The remarks by the Fed chair, who has vowed to remain in office until the end of his term in May 2026, led Trump to take to Truth Social on Thursday to say that "Powell's termination cannot come fast enough!" Kennedy on Sunday defended the Fed's focus on keeping inflation in check, saying: "My experience with Jay Powell is that he's got tiger blood.
26% : " Relations between the US president and the central bank chair he nominated have become increasingly strained in the face of the Fed's reluctance to cut interest rates since Trump returned to the White House in January.

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