Fed, Trump and Powell
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The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
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Mid-Day on MSNDonald Trump Makes Scathing Attack on U.S. Fed Chief Jerome Powell; Says He`s Terrible, Total StiffUS President Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell, accusing him of mismanaging a $2.5 billion renovation of the U.S. central bank. In public remarks, Trump mocked Powell’s leadership and highlighted what he claims are repeated failures by economic experts.
Federal Reserve Chair Jerome Powell may lose his job before his term ends next May. President Donald Trump is likely to fire him soon, a Senior White House Official told Barron’s. Trump indicated that he is likely to fire Powell after asking lawmakers how they felt about him doing so.
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Mediaite on MSNTrump Surprised ‘Terrible Fed Chair’ Jerome Powell Was Appointed — Forgetting He Appointed HimPresident Trump admitted Wednesday that he was "surprised" that Jerome Powell was appointed Fed Chair, apparently forgetting he appointed him. The post Trump Surprised ‘Terrible Fed Chair’ Jerome Powell Was Appointed — Forgetting He Appointed Him first appeared on Mediaite.
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.
President Trump has escalated his attacks on Federal Reserve Chair Jerome Powell, suggesting he could be fired over a $2.5 billion headquarters renova
White House officials accuse Federal Reserve chair Jerome Powell of mismanaging its building renovations, which cost $700 million more than expected. Office of Management and Budget Director Russell Vought sent Powell a letter taking issue with the cost overruns and certain statements from a Senate hearing last month.
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Stocktwits on MSNTrump Says ‘Too Late’ Jerome Powell Is Costing US Over $1 Trillion A Year, Calls For Rate CutsPresident Donald Trump on Wednesday reignited his attacks against Federal Reserve Chair Jerome Powell and called for significant rate cuts yet again to trim the federal deficit. In two posts on his social media platform Truth Social,
"Trump's got to be careful," warned Eric Diton, president and managing director of The Wealth Alliance, "because if he leans too hard on [U.S. Federal Reserve Chair] Jay Powell, or replaces him and brings in someone who is a Trump 'yes-man,