Trump, Jerome Powell and Fed
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The Fed's architects said the central bank wanted glass walls, but three Trump appointees felt marble best fit the building's historic character.
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
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Stocktwits on MSNTrump Says ‘Too Late’ Jerome Powell Is Costing US Over $1 Trillion A Year, Calls For Rate CutsPresident Donald Trump on Wednesday reignited his attacks against Federal Reserve Chair Jerome Powell and called for significant rate cuts yet again to trim the federal deficit. In two posts on his social media platform Truth Social,
President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor call dangerous.
If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.