“Federal Reserve Chair Jerome Powell is walking an old tightrope into 2025: He is trying to avoid appearing confrontational with Donald Trump, even though some of his colleagues are signaling unease that the president-elect’s policies might rekindle inflationary pressures,” the Wall Street Journal reports.
“The difficult balancing act was on full display over the last two months. In early November, days after Trump’s election to a second term as president, Powell declared that the central bank wouldn’t set interest rates based on assumptions or speculation about the incoming administration’s policies, including possibly transformative changes to trade and immigration policy.”