Fed, Trump and Jerome Powell
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
The president wants to reduce the trillion-dollar interest cost of the government. To do so he needs the Fed to slash rates, Treasury to hike T-bill issuance, and stablecoins to boost demand.
Show" host Jordan Klepper breaks down exactly why Trump is so angry at his Federal Reserve Chair Jerome Powell
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
President Donald Trump continues to face backlash from his MAGA supporters over his administration's handling of the Jeffrey Epstein files, calling on Attorney General Pam Bondi "to produce any and all pertinent Grand Jury testimony, subject to Court approval" related to the case.
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,