Trump, Fed and Jerome Powell
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President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.
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.
Chicago Federal Reserve president Austan Goolsbee expressed support for Jerome Powell and central bank independence when asked about pressure being applied from President Trump, saying the Fed chair is a 'totally honorable guy.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
President Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.
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Mid-Day on MSNDonald Trump Makes Scathing Attack on U.S. Fed Chief Jerome Powell; Says He`s Terrible, Total StiffUS President Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell, accusing him of mismanaging a $2.5 billion renovation of the U.S. central bank. In public remarks, Trump mocked Powell’s leadership and highlighted what he claims are repeated failures by economic experts.
President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he appointed to the position in 2017. The move followed months of criticism by Trump of Powell,