Trump, Powell and Job
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President Donald Trump has publicly chastised Chairman Jerome Powell, who Trump appointed in 2017, over interest rate cuts.
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
President Trump has denied plans to fire Federal Reserve Chair Jerome Powell despite frequent criticism. The issue has caused market fluctuations and debate within political circles. Republican Senator Thom Tillis has defended the Fed's independence,
Obama and sometimes Clinton aim at Trump. Trump goes after Biden and Obama. It’s a rare battle of the presidents.
Secretary of State Marco Rubio and Middle East Special Envoy Steve Witkoff are meeting with Prime Minister Benjamin Netanyahu at Blair House on Monday ahead of his dinner with President Donald Trump, a White House official confirmed to ABC News.
In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. The comments come amid an intensifying conflict between the White House and the central bank.
Fox News contributor Joe Concha has weighed in on the public conflict between US President Donald Trump and US Federal Reserve Chair Jerome Powell. Trump has denied the reports that have claimed he is considering sacking the chair.
Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank will not cut its interest rate target in July, a stance that puts him in conflict with members of the Fed’s board ...
PN Economics Editor Bill Wood discusses how the Trump administration’s tariff policies have contributed to a sharp decline in the value of the U.S. dollar. Wood emphasizes the growing pressure on Fed Chair Jerome Powell and outlines potential risks if political interference undermines market confidence.
The Federal Reserve was already wrestling with a lot of uncertainty about the future path of monetary policy, and President Trump’s strike on Iran's nuclear sites will likely make that path even more uncertain in the near term.
The S&P 500 closed at a record high on Friday, soaring to its highest level since February as investors cheered a host of bullish catalysts.
U.S. Treasury Secretary Scott Bessent on Wednesday told Bloomberg TV in an interview that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell. Bessent said he continues to have regular meetings with Powell and that Powell had not told him whether he would leave his board seat.