Jerome Powell has complete authority over Joe Biden regarding interest rates and fighting inflation. If he didn't, we would be in a way worse situation. Take what's happening now as an example. If Biden were the one raising interest rates and crashing the economy, he would lose lots of votes, so he never would.
Who Has More Power? Jerome or Joe?
Who Has More Power? Jerome or Joe?
Who Has More Power? Jerome or Joe?
Jerome Powell has complete authority over Joe Biden regarding interest rates and fighting inflation. If he didn't, we would be in a way worse situation. Take what's happening now as an example. If Biden were the one raising interest rates and crashing the economy, he would lose lots of votes, so he never would.