Trump, Jerome Powell and Fed
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The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s Washington, DC headquarters — and warned construction could be
President Trump indicated to Republican lawmakers that he plans to fire Federal Reserve Chair Jerome Powell, a senior White House official told The Hill. The suggestion came during an Oval Office
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
Now the persisting furor over files related to accused sex trafficker Jeffrey Epstein has forced Trump into an unfamiliar role: trying to shut a conspiracy theory down. Epstein, a wealthy financier and convicted sex offender,
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Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
Major stock indexes slid as much as 0.8% midday after news that Trump told Republican lawmakers that he was likely to attempt to remove Powell from his job soon. The prospect that lower rates would eventually yield higher inflation sparked a selloff in long-dated Treasurys,