Trump, Powell and Interest Rates
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President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. The president appeared to reach a breaking point with Powell last week when he told Republican lawmakers he would likely be nixing the Fed chair soon.
Donald Trump has been bullying Federal Reserve Chair Jerome Powell—calling him “too late,” insulting his intelligence, and trying to gin up a case that Powell spent too much on renovations of the agency’s headquarters as a pretext for firing him.
U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday.
President Trump faces steep obstacles in his quest to sway the Federal Reserve toward his economic agenda. Trump will be able to replace Fed Chair Jerome Powell in less than a year and install a loyalist at the top of the central bank — if he doesn’t make the extraordinary move of trying to
President Donald Trump looks on as his then-nominee for chairman of the Federal Reserve Jerome Powell takes to the podium at the White House, Nov. 2, 2017. Trump on Wednesday told reporters: “I was surprised he was appointed.” (Getty Images) “I was surprised, frankly, that Biden put him in and extended him,” he said.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
Amid an escalating campaign by the Trump administration against Federal Reserve Chair Powell, an AI-generated letter made its rounds online.
President Trump is scheduled to visit the Federal Reserve’s headquarters Thursday, joining other administration officials who have requested a site tour because of scrutiny of renovations of