Trump, Jerome Powell and interest rates
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When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
Powell was nominated by Trump in November 2017 and was confirmed by the Senate in January 2018. The Fed chair’s term lasts four years, and Biden did indeed nominate Powell for a second term, though Trump tries to make it sound like he had nothing to do with Powell’s first appointment.
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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.
Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.
U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell but stated he is not planning to fire him. The possibility of Powell's dismissal arose, causing market volatility. Trump suggests Powell hasn't lowered interest rates enough while defending Fed independence,
Trump denied he’s about to fire Jerome Powell, but told reporters he can’t believe some idiot appointed him Fed chair back in 2017.
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank,
President Trump hinted at possibly firing Federal Reserve Chair Jerome Powell over disagreements on interest rates and alleged mismanagement of a Fed renovation project. Despite private discussions leaning towards removal,
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.