Trump, Powell and interest rates
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Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief.
President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs,
Trump has reportedly eyed firing Powell for months and said Thursday, "if I want him out, he’ll be out of there real fast, believe me.
However, Powell also mentioned a case that Trump is asking the U.S. Supreme Court to hear that would change the landscape of independent boards' relationship with those in power, if the court ...
Trump wrote. “Powell’s termination cannot come fast enough ... I have a lot of respect for my esteemed colleague and friend Jay Powell. We have a steady solid relationship amongst central bankers,” ECB President Christine Lagarde said Thursday ...
Since winning the White House, Trump has lobbied for rate cuts to come down. Since then he has flip-flopped on whether or not he will try to fire Powell, with the Fed chairman countering that it wouldn't be legal for Trump to push him out.