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Fed President Jerome Powell's approach to interest rate policy wins two-party backing



President Trump's relentless public criticism of the man he chose to run the Federal Reserve, Jerome Powell, is not widely shared by lawmakers who confirmed the central bank's lead to his position last year.

The Fed chairman leads Capitol Hill for two days of testimony beginning Wednesday, and lawmakers on both sides have basically praised the job he is doing. In interviews, they refused to receive Mr Trump's call to the Fed to reduce interest rates and said they would oppose efforts by the President to remove …


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