Trump, Powell and Fed
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President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. The president appeared to reach a breaking point with Powell last week when he told Republican
14hon MSN
The White House is exploring every avenue of executive power to get what President Trump wants from the Federal Reserve: lower interest rates.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
Donald Trump’s new HR czar has already started firing potshots at former “first buddy” Elon Musk, questioning the effectiveness of his work at cost-cutting taskforce DOGE.
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the crossfire between President Trump and the Wall Street Journal. Bessent said
Israeli troops killed 79 Palestinians seeking food, Gaza health officials said. President Donald Trump is losing ground on the economy and immigration.