Fed, Trump and Powell
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1don MSN
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central bank to lower 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.
The White House has stepped up its attacks on Federal Reserve Chair Jerome Powell, criticizing him over renovations at the central bank's Washington, D.C. headquarters.
12don MSN
The BIS said doubts have been raised about the Trump administration’s commitment to central bank independence, but added the president’s comments don’t necessarily represent a threat to the Fed’s autonomy.
Just days into his second term, President Trump said he was going to recommend that the Federal Emergency Management Agency “go away,” dismissing the agency as bloated and ine
Trump amplified calls for Congress to investigate Powell on the Fed's headquarters renovation.
White House budget chief Russell Vought on Thursday accused Federal Reserve Chair Jerome Powell of mismanaging the central bank’s budget during renovations, adding to President Trump’s criticism
President Trump is putting pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, and has been critical of the Fed's $2.5 billion office renovation.