Tag Archives: Powell

Trump’s Powell attacks show why Fed was designed to be independent  Axios Opinion | If You Like 35 Percent Inflation, Go Ahead, Fire the Fed Chair  The New York Times A Politically Captive Fed Would Be a Weak Fed  Bloomberg Opinion | Trump May End Up Sorry He Tried to Control the Fed  The Wall Street Journal Opinion | Trump’s attacks on the Fed …

Trump says he’s not planning to fire Fed’s Powell  Reuters Trump Has Penned Letter To Fire Fed Chair Jerome Powell  The New York Times Playbook PM: Jerome Powell’s Trump whiplash  Politico Trump asks House Republicans if he should fire Fed Chair Jerome Powell  Fox Business Trump suggests Fed renovations could be fireable offense for Powell  CNN Source link

Trump Has Penned Letter To Fire Fed Chair Jerome Powell  The New York TimesView Full Coverage on Google News Source link

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project. The push comes after a monthslong campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the president’s calls to slash interest rates out of concerns …

In brief Bitcoin dropped 4.5% from its all-time high to $117,250 as traders locked in profits and exchange inflows surged. Sticky inflation and Fed uncertainty added pressure, with June CPI rising to 2.7%, dimming hopes of rate cuts. Powell’s potential replacement is becoming a political flashpoint, with Treasury Secretary Bessent confirming a formal succession process is underway. Bitcoin’s dip on …

How the Fed sets rates — and why Powell can’t do what Trump wants alone  Axios How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision  PBS Why Trump’s push for a 1% Fed policy rate could spell trouble for US economy  Reuters Inflation Crushes Hopes That Federal Reserve Will Cut Interest Rates in July  Investopedia Trump Reacts to Inflation News …

Trump says Fed renovations issue might be fireable for Powell  Axios Trump suggests Fed renovations could be fireable offense for Powell  CNN Trump compares talking to Powell to ‘talking to a chair’ while touting his own economic predictions  Fox Business Jerome Powell has more housing problems now, including the Fed’s  Yahoo Finance Powell asks inspector general to review $2.5 billion renovation after Trump blasts …

CNN CNN  —  President Donald Trump suggested that a $2.5 billion renovation plan at the Federal Reserve might be sufficient cause to fire Fed Chair Jerome Powell, an escalation of his recent attacks against the central banker. “I think he’s terrible… But the one thing I didn’t see him as a guy that needed a palace to live in,” Trump …

Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight  The New York TimesView Full Coverage on Google News Source link

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’ The search for the next leader of the world’s most influential central bank is officially under way, Treasury Secretary Scott Bessent told Bloomberg on Tuesday. “There’s a formal process that’s already starting,” he said when asked about efforts to find Jerome Powell’s …