Tag: Jerome Powell

global economy

The Renminbi is Unlikely to Displace the Dollar as a Global Currency

dailyfriend.co.za May 10, 2026 The Chinese renminbi is unlikely to become globally dominant OPINIONS    – LISTEN TO THIS On 29 April, outgoing Federal Reserve chairman Jerome Powell warned that political interference put at risk the central bank’s ability to pursue independent monetary policy, which he labeled as one of the reasons “why the US economy is the envy of the world”.  Central bank independence, Powell continued, … Continue reading The Renminbi is Unlikely to Displace the Dollar as a Global Currency

Unknown's avatarBarry D. WoodLeave a comment
global economy

Powell, by Fighting Back, Makes it More Likely the Fed Will Retain its Independence

The Daily Friend January 17, 2026 Jerome Powell’s eloquent defence of Federal Reserve independence, delivered in a two-minute YouTube video on January 11th, was an inspiring act of courage. The 72-year-old outgoing Fed chairman spoke after receiving a grand jury subpoena that threatened a criminal indictment over his Congressional testimony about renovations to Federal Reserve buildings. Powell called alleged cost-overruns a pretext.  The real issue, … Continue reading Powell, by Fighting Back, Makes it More Likely the Fed Will Retain its Independence

Unknown's avatarBarry D. WoodLeave a comment