Powell says Fed insulated from politics, wrestling with rate cuts
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NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded."The Fed is insulated from short-term political pressures -what is often referred to as our 'independence,'" Powell said in a speech he delivered at the Council on Foreign Relations in New York. But Powell said he and his colleagues are..