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Powell says those who accuse the Fed of playing politics are making 'a cheap shot'

ReutersSep 23, 2025 5:35 PM

- Federal Reserve Chair Jerome Powell on Tuesday hit back at the central bank’s many critics, who count among them President Donald Trump, who argue the central bank is making decisions with an eye toward politics rather than data.

Speaking in Rhode Island, Powell said “many people don’t believe” the Fed is letting the data drive decisions. He added, “but the truth is, mostly people who are calling us political, it's just a cheap shot.”

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