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About: http://data.cimple.eu/news-article/a13cb63295392c67931b2dc8843b30177b78e8572486381d5b205567 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	While discussing the US economic outlook, Federal Reserve Chairman Jerome Powell on Tuesday had to fend off accusations he may be feeling undue influence from billionaire Jeff Bezos and Ivanka Trump. "Is this you, Mr Powell?" US Representative Katie Porter of California asked, while holding up a picture of the Fed chief in a black tie outside of the Washington, DC home of Bezos, founder of Amazon. US President Donald Trump's daughter and adviser Ivanka also attended the swank party with her husband Jared Kushner, himself a White House adviser. "Would you say that someone like Jeff Bezos, one of the richest men in the world, could benefit from having influence over the Fed's decisions?" Porter asked. "Can you imagine how attending a lavish party at Jeff Bezos' $23 million home, along with Jared and Ivanka and the CEO of JPMorgan Chase Jamie Dimon, might give off the sense to the public that you are not in fact immune from external pressures?" "I would certainly hope not," Powell responded. Powell was testifying before the House Financial Services Committee, a twice-a-year requirement, and mostly answered questions about the economy, jobs, the minimum wage and minutiae of banking regulation. But he acknowledged attending an after party thrown by Bezos following the exclusive Alfalfa Club dinner, an old-boy Washington tradition that itself occasionally provokes fireworks. Celebrity chef and humanitarian Jose Andres was barred from a 2018 after party that Ivanka Trump was attending, which he said was due to his frictions with the administration over immigration policy. Powell, a member of the Alfalfa Club, said he did not speak to Bezos, Kushner or Ivanka Trump at the party, but Porter indicated his attendance alone could create the impression of undue influence. "I would just suggest that attendance at this kind of event with these kinds of people is inconsistent" with the position that the Fed is independent and not subject to pressure, she said. "There are a lot of people out there who would love the opportunity to weigh in on Fed decisions." hs/cs
schema:headline	'Is this you, Mr Powell?'
schema:mentions	Washington metropolitan area United States House Committee on Financial Services JPMorgan Chase United States House of Representatives Celebrity chef Katie Porter Lewis F. Powell Jr. Jared Kushner Jeff Bezos Federal Reserve Ivanka Trump Fireworks Minimum wage Billionaire George Washington Amazon rainforest Chief executive officer California President of the United States Donald Trump Alfalfa Club Black tie José Andrés Undue influence Jamie Dimon Manuel Noriega Jerome Powell Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	81 (xsd:integer)

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