Fed, Trump
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Donald Trump has been bullying Federal Reserve Chair Jerome Powell—calling him “too late,” insulting his intelligence, and trying to gin up a case that Powell spent too much on renovations of the agency’s headquarters as a pretext for firing him.
New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
Donald Trump's past clashes with Fed Chair Jerome Powell over interest rates highlight the ongoing tension between political desires for cheap money and the central bank's need to control inflation. Historical examples,
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Cryptopolitan on MSNTrump turns up the heat on Powell as monetary feud deepensOn the monetary front, Trump’s public feud with Powell continues to escalate, with the president blaming the Fed for slowing economic momentum. The White House is now scrutinizing the central bank’s massive building renovation, citing cost overruns and questioning whether the Fed, which controls its own budget, is exceeding its authority.
In a social media post, Ray Dalio outlined that he believes the disagreement between Donald Trump and Federal Reserve Chair Jerome Powell centers around the value of money, with the US president advocating for lower real interest rates and devaluation.