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Fed Staff under Media Blackout to Avoid Provoking Trump: Wire
Federal Reserve Chairman Jerome Powell has forbidden any Fed member to make public appearances by cancelling forums and scheduled interviews, while any of the comments on or off th...
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Fed Staff under Media Blackout to Avoid Provoking Trump: Wire
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2019/08/16 14:21
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Federal Reserve Chairman Jerome Powell has forbidden any Fed member to make public appearances by cancelling forums and scheduled interviews, while any of the comments on or off the record are banned, reported The Spectator. However, the order does not apply to regional Fed officials as the regional institutions are mostly operating independently.

On another note, Powell believed the Fed has little left in its armory to cope with economic downturn, being increasingly concerned at President Trump’s criticisms. The Fed Chair hence determined to order a media blackout for Fed members to avoid provoking the conflicts between the Fed and the President.
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