federal reserve, Trump and Powell
Digest more
23h
Mediaite on MSNTrump Surprised ‘Terrible Fed Chair’ Jerome Powell Was Appointed — Forgetting He Appointed HimPresident Trump admitted Wednesday that he was "surprised" that Jerome Powell was appointed Fed Chair, apparently forgetting he appointed him. The post Trump Surprised ‘Terrible Fed Chair’ Jerome Powell Was Appointed — Forgetting He Appointed Him first appeared on Mediaite.
Markets will "crash" if President Donald Trump fires Federal Reserve Chairman Jerome Powell, Sen. Elizabeth Warren, D-Mass., warned. The Senate Banking Committee's ranking member argued that Trump's relentless attacks risk undermining the independence of the Fed.
President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
21h
Mediaite on MSNClip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious AttacksIn a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him. The post Clip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious Attacks first appeared on Mediaite.
The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
In 1997, billionaire Carlyle co-founder David Rubenstein hired a then-relatively unknown member of the George H.W. Bush administration named Jerome Powell. Over the course of eight years, Powell led the private equity firm's industrial group and was a partner.
A dramatic day on Wednesday ended with Wall Street in the green and the dollar and short-dated Treasury yields lower, although off their earlier extremes, after President Donald Trump denied reports he will soon fire Fed Chair Jerome Powell.
Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell — a move economists say would shake global markets and could unleash economic chaos. Plus, Trump directly attacks his own base over the Epstein backlash.