White House, Jerome Powell and Trump
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Soy Nómada on MSNTrump Questions Powell's Leadership at the Helm of the FedIn a renewed offensive, President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, demanding his resignation over a controversial renovation project and advocating for lower interest rates.
In a response to Fortune, Federal Reserve Bank of St. Louis President Alberto Musalem defended the Fed's autonomy, citing global evidence that independent central banks deliver stronger inflation and employment outcomes.
It’s part of a larger push by Trump-aligned officials to probe the Fed and challenge Chair Jerome Powell’s leadership.
During a White House briefing, press secretary Karoline Leavitt brandished a sheet of paper listing global central bank rates with President Trump’s message scrawled across.
Trump tells Bessent, "I like you better," a comment many interpreted as a public signal of Bessent's rising likelihood as a potential successor to the current Fed Chair.