US Federal Reserve Chairman Jerome Powell, in his press briefing on May 7, 2025, responded to criticism of US President Donald Trump questioning his role as the head of the Fed. Powell said that Trump’s take doesn’t affect his job at all, and he will be doing the same thing he has done using the monetary tools for the US economy.
Powell highlighted how he seeks to foster the maximum employment and price stability for the benefit of the people of the United States using the monetary policy tools available at the Federal Reserve.
“Doesn’t affect doing our job at all. We’re always going to do the same thing, which is we’re going to use our tools to foster maximum employment and price stability for the benefit of the American people,” said Jerome Powell in his press address.
“We’re always going to consider only economic data, the outlook, the balance of risks, and that’s all we’re going to consider. So it really doesn’t affect either our job or the way we do it,” he said.
(This is a developing story. Please check back for updates.)
