Powell, Trump and The National Capital Planning
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In a letter Thursday, the Federal Reserve chief rejected criticism the White House has leveled at him over the cost of renovation projects.
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
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.
Show" host Jordan Klepper breaks down exactly why Trump is so angry at his Federal Reserve Chair Jerome Powell
President Donald Trump signed the HALT Fentanyl Act, which aims to combat the fentanyl crisis into law, during an event in the East Room of the White House. Trump was accompanied by various lawmakers and family members who have lost loved ones to the epidemic.
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Donald Trump is once again turning up the heat on Federal Reserve Chair Jerome Powell, this time calling him “truly one of my worst appointments” and blaming him directly for freezing out young homebuyers with high interest rates.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
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.
Barron’s spoke with Tobin Marcus, head of U.S. policy and politics with Wolfe Research and a former White House advisor during the Obama era, about what could unfold if Trump follows through on such a move. An edited version of our conversation is below.
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,