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Trump Suggests He Can Remove Fed Chair Powell and Says He's 'Not Happy' With Him Over Interest Rates
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and said he could fire him if he wanted to, renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank's long-standing political independence.
Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
If President Donald Trump is successful in pushing the Federal Reserve to cut interest rates, it could reduce confidence in the U.S. economy and result in mortgage rates rising, according to one ...
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to ...
Inflation slowed in March as gasoline, used car prices dropped. Trump paused many of his largest tariffs for 90 days but ...
Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain ...
9don MSN
WASHINGTON (AP) — U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that ...
The outlook for inflation is increasing in the minds of both consumers and Federal Reserve bankers after President Donald ...
Officials at the Federal Reserve said this week that the U.S. economy is in for higher inflation and slower growth as ...
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