Fed, Trump and Jerome Powell
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Daily Show host Jordan Klepper on Thursday mocked President Donald Trump after he appeared to claim that former President Joe Biden appointed Federal Reserve Chair Jerome Powell. Related: Hillary Clinton Just Hit On One Of Donald Trump's Biggest Insecurities With Three Words
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
P resident Donald Trump accused the Federal Reserve under Chairman Jerome Powell of "choking out the housing market" in his latest attack on the central bank's decision-making.
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.
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.
Trump’s attacks on Powell and the Fed more generally are damaging, say experts, because investors expect the Fed to operate independently of political interference. The Fed should be setting monetary policy based on the needs of the economy, not on what’s politically expedient for those in power now.
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Agence France-Presse on MSNWhat to know about Trump's effort to oust Fed Chair PowellUS President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.
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.
President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor call dangerous.