Powell, Fed
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Bill Pulte, who oversees Fannie Mae and Freddie Mac, applauded chatter stating Federal Reserve chair Jerome Powell would soon depart from his position. “I’m encouraged by reports that Jerome
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White House budget director Russell Vought is suggesting that Federal Reserve Chair Jerome Powell is in violation of government building rules in the renovation of the Fed’s headquarters.
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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.
To allow an individual, or group of rogue political insiders to second guess professionals at the Fed would be a monumental mistake.
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.