White House's new line of attack against Powell
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President Trump is putting pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, and has been critical of the Fed's $2.5 billion office renovation.
As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points.
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.
The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s Washington, DC headquarters — and warned construction could be
President Donald Trump's "reciprocal" tariffs and threats to fire Federal Reserve Chair Jerome Powell might all be part of a magic trick "that makes the illusion work," say Mizuho economists. Magician
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With the caveat that this is a low-probability event, we discuss what the implications of an early departure of Powell would mean for Treasuries and the dollar. We assume that an early departure of Powell would be followed quickly by a replacement super-dove as head of the Federal Reserve.
There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from the powerful panel on Wednesday.
Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."
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Asianet Newsable on MSNTrump Administration Demands Answers From Powell Over ‘Lavish’ Fed HQ Renovation, Cost OverrunThe Centre has condemned the remarks made by Punjab Chief Minister and Aam Aadmi Party (AAP) leader Bhagwant Mann on Prime Minister Narendra Modi's foreign visits, including to the countries in the Global South. The official spokesperson in the Ministry of External Affairs (MEA) said the comments were "irresponsible and regrettable".