Powell, Federal Reserve and Trump
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The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
President Donald Trump is once again intensifying his calls for interest rate cuts while lobbing insults at the source of his frustration, Fed Chairman Jerome Powell. Natasha Sarin discusses the potential impact of Trump firing Powell and the importance of keeping the Federal Reserve nonpartisan.
The Wall Street Journal editorial board on Wednesday urged President Trump not to follow through on his threat to fire Federal Reserve Chair Jerome Powell, warning the consequences would be worse
The Wall Street Journal, owned by Rupert Murdoch’s News Corp, has published a biting editorial attacking President Donald Trump after his threat to fire Federal Reserve Chair Jerome Powell. On Wednesday, in his latest attack on the Fed chief, Trump complained that Powell was doing a “lousy job” and not doing enough to lower interest rates.
In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with steep tariffs.
Senate Republicans are warning President Trump that it would be a big mistake to follow through on his threat to fire Federal Reserve Chair Jerome Powell, saying it would likely send a “shock
The reaction in major asset classes may convince the administration that firing Powell will not prove to be a panacea for the economy and markets
President Donald Trump's potential attempt to dismiss Federal Reserve Chair Jerome Powell could rattle U.S. financial markets and undermine central bank independence, investment strategists warn ...