Jerome Powell, Fed and Trump
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Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
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
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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.’
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
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.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
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.