Fed, Jerome Powell and Trump
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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.
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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,
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.
The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
Mises Institute Senior Fellow Bob Murphy debates David Beckworth of the Mercatus Center tonight at 7pm ET, moderated by George Gammon.
Pulte's Wednesday morning statement comes after he called for Powell to resign on June 19 via several X posts.
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.