Open the newsletter to watch the White House for free
Your guide to what the second period of Trump means to Washington, business and the world
Jay Powell, the head of the Federal Reserve, called on students to protect democracy while American universities praised it as a “decisive national asset”, days after the Trump administration escalated its attacks on higher education.
“We are leading the world in many ways, including in scientific innovation and economic dynamism,” the US Central Bank said to students in a letter in Princeton. “Our great universities are the envy of the world and the decisive national origins.”
The Trump administration was prevented this week Harvard University From the registration of international students, the last attack on the ivy association on engraving the left left and anti -Semitism. Student visas and colleges student have canceled information about students who participated in the protests.
While glorifying American universitiesAnd urged Powell, who is attacked by the US President, Brenston graduates “not to take anything from this as a Muslim in it.”
“When you look back 50 years ago, you will want to know that you have done everything necessary to preserve and strengthen our democracy, and bring us closer to the ideals of the founders,” you will want to know that you have done everything necessary to preserve and enhance our democracy, and bring us closer to the ideals of the founders. ”
The tape was on Harvard, which puts the future of more than 6,500 international students in forgetfulness, temporarily Prohibited Friday by the American boycott court judge.
The administration has also reduced billions of dollars in financing higher educational institutions in the United States, which led to the leadership of European countries such as France to present academic positions to senior researchers in the United States.
Ivy Legue colleges, which include Harvard, Brentstone and six other universities, the best global classifications.
Powell Class 2025 called for risk, looking at the public service and guarding its safety “carefully”.
“After fifty years from now, you will want to be able to look at the mirror and know that you did what you thought was right, in every part of your life,” said the Fed’s Reserve Chair.
“At the end of the day, your safety is all you have.”
Powell was appointed by Trump during his first term, but he is now suffering from fire from the president because the interest rates are not reduced quickly.
The American President described him as “the master is too late” and “the main loser” after the Federal Reserve has left interest rates between 4.25 and 4.5 percent this year.
Powell and Federal Reserve officials say they cannot reduce interest rates until it becomes clear that the global trade war of the president will not lead to another wave of continuous inflation of the United States.
Kevin Haysit, President of Trump’s National Economic Council, indicated last month that the administration “will continue to study” Powell’s launch methods before the end of his term in May. Trump has since said that he “has no intention” to launch the Federal Reserve Chair.
Powell, who intends to serve his full term, said that he believes that shooting at the differences of opinion in monetary policy “is not permitted by law.”
The opinion of the Supreme Court issued earlier this week indicated that the best nine judges in the United States believe that the White House had no right to interfere in the independence of the Federal Reserve Bank for the status of monetary policy, as he saw an occasion by shooting at the members of the Central Bank’s prices.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbbd3b4fd-89bc-4460-9e10-d0de1d9710e0.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link