Trump, Powell and Federal Reserve
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Deputy White House chief of staff James Blair discusses where President Trump stands on Jay Powell's position with the Federal Reserve, when we may start to see rate cuts, and more on 'Sunday Night in America.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
Trump lambasted the Fed for its $2.5 billion renovation of its headquarters and another building ahead of a tour of the site.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
Rather than owning up to the insult he hurled at the Fed chair just last week, the president slunk away without a word.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by