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Powell responds to Trump's attacks: 100% focused on Fed's statutory duties
Summary: During a European Central Bank event in Portugal, someone asked Federal Reserve Chairman Powell if President Trump's frequent personal attacks have increased the difficulty of his work. Powell responded, 'I am only focused on doing my job well. It is important to use our tools to achieve the goals Congress has given us: maximum employment, ...
During a European Central Bank event in Portugal, someone asked Federal Reserve Chairman Powell if President Trump's frequent personal attacks have increased the difficulty of his work. Powell responded, 'I am only focused on doing my job well. It is important to use our tools to achieve the goals Congress has given us: maximum employment, stable prices, and financial stability. That is the direction we are 100% focused on.' The audience on site, including ECB President Lagarde, applauded. When asked if he will stay on at the Fed after his term ends in May next year, Powell said he has no comment on that today.
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