Fed, Trump and Jerome Powell
Digest more
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
With all the crosscurrents, the responsible solution is for policymakers to wait for more evidence, and that’s exactly what the Fed is doing under Powell’s stewardship,” Levin
Trump lickspittle House Speaker Mike Johnson's flawed logic on why Fed Chair Jerome Powell should lower interest rates was even too much for the Trump lickspittle interviewing him... CNBC's Joe Kernan.
Star Sports political betting analyst William Kedjanyi told Newsweek: "Donald Trump has been harassing Jerome Powell, chair of the Federal Reserve, for months and months over interest rates. Trump wants Powell pushed out, despite the fact that Trump appointed him, and even if he does manage to survive, Powell's term ends in 10 months.
The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.