Mike Pence Would Get Rid Of Jerome Powell If Elected President: 'We Need Fresh Leadership At The Fed'
Portfolio Pulse from Chris Katje
Former Vice President Mike Pence, a Republican candidate for the 2024 presidential race, has criticized the Federal Reserve and its Chairman Jerome Powell. Pence stated that if elected, he would replace Powell, who has been Chairman since 2018 and was recently reappointed by President Joe Biden for a term until May 2026. Pence criticized the Fed's policies and blamed them for the current inflation rate of 17%. He also stated that he would end the dual mandate of the Federal Reserve, focusing it solely on protecting the integrity of the dollar.
September 27, 2023 | 6:54 pm
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NEUTRAL IMPACT
The news may indirectly affect Fox Corporation as the second Republican primary debate, where the Federal Reserve's policies may be discussed, will air on Fox Business.
The news indirectly mentions Fox Corporation as the broadcaster of the upcoming Republican primary debate. While the debate itself may not directly impact the company's stock, any significant developments or controversies arising from it could potentially affect viewer ratings and public perception of the network.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The news may indirectly affect Fox Corporation as the second Republican primary debate, where the Federal Reserve's policies may be discussed, will air on Fox Business.
The news indirectly mentions Fox Corporation as the broadcaster of the upcoming Republican primary debate. While the debate itself may not directly impact the company's stock, any significant developments or controversies arising from it could potentially affect viewer ratings and public perception of the network.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50