Trump, Jerome Powell and Federal Reserve
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President Donald Trump and his allies have seized upon a new way to criticize the head of the US central bank: his handling of an expensive renovation of the Federal Reserve’s headquarters.
Key Takeaways JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve remains critically important.The comments come after President Donald Trump has spent months pressuring Fed Chair Jerome Powell to lower interest rates.
President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
WASHINGTON (AP) — President Donald Trump and Sen. David McCormick of Pennsylvania will jointly announce roughly $70 billion of energy investments in the state Tuesday as the president travels to Pittsburgh for a conference with dozens of top executives to promote his energy and technology agenda.
6hon MSN
Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.
If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues. It could collapse the currency and bond markets,
The president slapped 30% tariffs on two of America’s biggest trading partners and went on TV to fume about the head of the Federal Reserve.