Fed, Trump and Jerome Powell
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Fed’s Waller Hints at Jul. Dissent
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Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
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.
President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.
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Powell not lowering interest rates is due to ‘politics,’ economist arguesFirst Trust Advisors L.P. chief economist Brian Wesbury discusses the Federal Reserve’s leadership, cutting interest rates and more on ‘Varney & Co.’
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.