Tag Archives: Jerome

For all the power it wields over the global economy, the Federal Reserve projects remarkable cool. Whereas rate-setters at other central banks frequently disagree with each other over the direction of monetary policy, Fed policymakers tend to stick together. That serenity is now being ruptured, just as President Donald Trump ramps up his attacks on the Fed, and his tariffs …

The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy. The Fed itself, to be sure, is increasingly divided over its next steps, and many economists expect that two …

President Donald Trump’s visit to the Federal Reserve this week produced some awkward soundbites. But body language experts think there were several nonverbal moments between Trump and Federal Reserve Chair Jerome Powell that spoke volumes. Even though presidents rarely visit the politically independent central bank, Trump on Thursday toured the building, which is being renovated. Trump and members of his …

President Donald Trump’s visit to the Federal Reserve this week produced some awkward soundbites. But body language experts think there were several nonverbal moments between Trump and Federal Reserve Chair Jerome Powell that spoke volumes. Even though presidents rarely visit the politically independent central bank, Trump on Thursday toured the building, which is being renovated. Trump and members of his administration have been publicly …

President Donald Trump’s visit to the Federal Reserve this week produced some awkward soundbites. But body language experts think there were several nonverbal moments between Trump and Federal Reserve Chair Jerome Powell that spoke volumes. Even though presidents rarely visit the politically independent central bank, Trump on Thursday toured the building, which is being renovated. Trump and members of his administration have been publicly …

“It looks like it’s about $3.1bn – it went up a little bit or a lot,” said Donald Trump, handing Jerome Powell a piece of paper as they stood amid construction at the US Federal Reserve’s Washington HQ. The usually unflappable Fed chief looked irritated, closed his eyes and shook his head. “I am not aware of that,” said Powell. …

Donald Trump sparred with the Federal Reserve chair, Jerome Powell, on Thursday during a rare presidential visit to the central bank’s headquarters. Trump was continuing his campaign to pressure the Fed to cut interest rates and was visiting its Washington headquarters to view costly renovations he has suggested are tantamount to fraud. Having branded Powell a “numbskull” for the Fed’s …

President Trump sparred with Fed Chair Jerome Powell over the final cost of the Federal Reserve’s renovations during an unusual visit to the central bank. Chip Somodevilla/Getty Images North America hide caption toggle caption Chip Somodevilla/Getty Images North America President Trump visited the Federal Reserve on Thursday to inspect an ongoing renovation of the central bank’s Washington, D.C., buildings — …

Trump’s pick to run the nation’s cybersecurity agency, Sean Plankey, evaded some questions about election security in his confirmation hearing with a Senate committee on Thursday morning. When Sen. Richard Blumenthal (D-CT) asked him if the 2020 election was rigged and stolen, the nominee said he had not reviewed that election’s cybersecurity and his personal opinions weren’t relevant. He acknowledged …

New York CNN  —  The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege. President Donald Trump’s relentless attacks on Federal Reserve Chair Jerome Powell are so intense that one prominent economist is raising eyebrows by arguing that Powell should quit to protect the central bank’s independence. “The attacks on Chair Powell are …