Trump, Powell and Markets
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The Federal Reserve will announce its interest rate decision next week, and while Trump seems to expect a rate cut, the market is indicating there is almost no chance of it.
Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off this week. President Trump has been threatening to fire Powell while
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.
Either of those, if proven true, could give Trump cover to fire Powell “for cause.” Powell and the Fed are finally fighting back. Over the weekend, the Fed quietly posted an FAQ explaining what happened with the renovation of the Fed’s headquarters,
Jerome Powell has responded to sharp criticism from the Trump administration about renovations to the Fed’s offices, answering questions about changes to the project as well as reaffirming the central bank’s commitment to “transparency for our decisions and to be accountable to the public.”
Trump reportedly shows draft firing letter as Powell exit odds jump after Rep. Luna's post shakes markets. In a sudden turn of events, President Donald Trump said he was "not planning on doing anything" to get rid of Federal Reserve Chair Jerome Powell, reported CNBC.
President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor call dangerous.
The president slapped 30% tariffs on two of America’s biggest trading partners and went on TV to fume about the head of the Federal Reserve.
The market response to Mr. Waller’s comments was muted in part because he is seen as an outsider, vying for the position of Mr. Powell’s replacement, and not broadly representative of the ...