Fed, Powell
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White House Seizes on Fed Renovations
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To allow an individual, or group of rogue political insiders to second guess professionals at the Fed would be a monumental mistake.
The Federal Reserve's independence is being questioned due to allegations of financial mismanagement. President Trump criticizes Fed Chair Jerome Powell over a costly headquarters renovation, sparking debate over the Fed's autonomy.
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The New Republic on MSNTrump Rips Jerome Powell as Feud Shows No Sign of Cooling DownPresident Trump on Friday morning threw barbs at Trump-appointed Federal Reserve Chairman Jerome Powell, against whom he’s railed over and over again in recent months due to the Fed’s refusal to cut interest rates.
8hon MSN
President Donald Trump ousted Joe Biden’s appointees to the National Capital Planning Commission, the obscure panel that oversees urban planning for the Washington area. And instead of the usual wonky architecture types,
President Trump took questions from reporters Friday morning on the south lawn of the White House where he was asked whether or not he plans to fire Federal Reserve Chairman Jerome Powell.
Mises Institute Senior Fellow Bob Murphy debates David Beckworth of the Mercatus Center tonight at 7pm ET, moderated by George Gammon.
It’s not that Jerome Powell has no controversies to deal with. President Donald Trump has repeatedly called Powell a “numskull,” demanding that he cut interest rates to boost the economy.
The Eccles Building controversy is fast becoming a political flashpoint. Powell is facing pressure from multiple sides, Trump is urging interest rate cuts, lawmakers are demanding transparency, and watchdogs are warning of a breach of public trust.
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.