President Trump has escalated his attacks against Fed Chair Jerome Powell and renewed his calls for him to resign immediately. This latest attack was in a Truth Social post in which Trump said Powell “should resign immediately.”
The broader concern in this simmering conflict between Trump and the Fed chair is how confidence in the economic direction of the country would be impacted if the independence of the Federal Reserve is further threatened by politicians like the president. Entities like Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) with considerable holdings within the banking sector are likely to closely watch these…
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