Jerome Powell, Federal Reserve and Trump
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President Donald Trump visited the Federal Reserve on Thursday, repeating calls for lower interest rates while standing alongside Fed Chair Jerome Powell. Even after reiterating his frustration with the central bank, Trump called the notion of firing Powell a "big move" that would not be "necessary."
The president’s participation in a tour of the Fed had the makings of a public relations disaster for the central bank. But by Friday, the president was praising Powell.
"Shark Tank" investor Kevin O'Leary has cautioned that Donald Trump's attacks on Federal Reserve Chair Jerome Powell could undermine global trust in U.S. financial markets. What Happened: On Friday, O'Leary shared a video clip from his Fox News appearance on X,
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Trump's Body Language During Awkward Exchange With Jerome Powell Spoke Volumes, Experts Say
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
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Barchart on MSNDollar Moves Higher as President Trump Eases Criticism of Fed Chair Powell
The dollar index (DXY00) on Friday rose by +0.30%. The dollar rose Friday on comments made late Thursday from President Trump that firing Fed Chair Powell wasn’t necessary, easing concerns around the Fed’s independence that could spark foreign investors to shun dollar assets.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.