Trump, Fed and Powell
Digest more
The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
13h
Mediaite on MSNClip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious AttacksIn a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him. The post Clip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious Attacks first appeared on Mediaite.
President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell, contradicting a senior White House official. House Republicans said Trump spoke about the plan Tuesday night.
President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
A dramatic day on Wednesday ended with Wall Street in the green and the dollar and short-dated Treasury yields lower, although off their earlier extremes, after President Donald Trump denied reports he will soon fire Fed Chair Jerome Powell.
La., says if President Trump fired Federal Reserve Chair Jerome Powell, "it would crash the stock market, and it would crash the bond market, and it would cause interest rates to rise." Trump bashed Powell during a bilateral meeting with the crown prince of Bahrain.