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Powell May Stay On Fed Board In Historic First Since 1948
Decision could block Trump from gaining control of central bank
Decision could block Trump from gaining control of central bank
President narrows Fed chair candidates to "two Kevins" as Powell's term nears May expiration
Republican senator questions DOJ credibility as criminal investigation threatens central bank independence
Fed chair accuses Trump administration of weaponizing criminal probe to pressure interest rate policy
Houthi attacks have disrupted global trade, forcing shipping routes to bypass the Suez Canal, increasing costs, delays, and causing a 75% drop in Red Sea shipping traffic.