Federal Reserve Chairman Jerome Powell has sparked a new wave of speculation about the central bank's future direction after denying any secret deal with former President Donald Trump on interest rate policies. In a surprising move, Powell expressed support for a "policy regime change" at the Fed, hinting at a potential shift in the bank's monetary strategy. The comments have left many wondering what exactly Powell means by a regime change and whether it signals a more aggressive approach to tackling inflation. With the Fed's next interest rate decision just around the corner, investors are eagerly awaiting further clarification from Powell on the central bank's plans.
He denied making a deal with Donald Trump on interest rates and backed "policy regime change" at the central bank.
