In a ceremony outside the White House at the time, Trump called Powell “strong,” “committed” and “smart” (comments which conflict with his current description of the Fed chair as a “ stupid person ,” a “ numbskull ” and a “ stiff ”).

The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.

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.

Prominent MAGA figures – up to and including Vice President JD Vance – fueled conspiracy theories about Epstein for years to spin up the MAGA base with suggestions about the existence of a “client list” of prominent Americans who had sex with underage girls. Often accompanied by accusations of a Democratic cover-up.

Markets will "crash" if President Donald Trump fires Federal Reserve Chairman Jerome Powell, Sen. Elizabeth Warren, D-Mass., warned. The Senate Banking Committee's ranking member contended that Trump's relentless attacks risk undermining the independence of the Fed.

A dramatic day on Wednesday ended with Wall Street in the green and the dollar and short-dated Treasury yields lower, although off their earlier extremes, after President Donald Trump denied reports he will soon fire Fed Chair Jerome Powell.

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

The U.S. dollar fell sharply Wednesday after the White House suggested that President Donald Trump was planning to remove Federal Reserve Chairman Jerome Powell. Though the presid

Major stock markets stumbled on Wednesday after reports that US President Donald Trump was close to firing the head of the Federal Reserve in a dispute over interest rates.