US Edition
What Powell Is Telling Allies as Trump Pressures Him to Resign | News Channel 3-12
UNITED STATES, JUL 25 – Jerome Powell rejects President Trump's demands to resign or cut interest rates, emphasizing Federal Reserve independence amid ongoing political pressure through May 2026.
- This month, Federal Reserve Chair Jerome Powell told allies he won’t resign, resisting an unprecedented, multi-pronged assault, and said he would withstand several more months.
- GOP Sen. Mike Rounds said Powell feels strongly about preserving Fed independence, 'He feels very strongly that his responsibility is to maintain that independence,' a character detail.
- Donald Trump has called Powell `stupid`, `numbskull` and `truly one of my worst appointments`, and the White House highlighted the $2.5 billion Fed renovation in investigations.
- Despite his earlier attacks, Trump insisted he won’t fire Powell, while advisers warned it would tank markets and spark an economic crisis.
- Powell’s term running through May 2026 ensures he remains the target of White House attacks, raising concerns about politicization of monetary policy and infuriating Trump ahead of next year's midterm elections.
16 Articles
16 Articles
Federal Reserve Chairman Jerome Powell has told several of his partners and allies that there is no chance he will give in to President Donald Trump's demands for his resignation, and has vowed to resist several…
Powell Vows He’ll Finish His Term
“Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates,” CNN reports. “The top central banker has privately argued that he must stay put for more than just personal reasons — the fate of his chairm…
President Trump has been defeated in a new attempt to pressure the governor of the US Federal Reserve. For months, Trump has been demanding that Governor Jerome Powell lower interest rates, arguing that this would boost the economy and allow his government to pay less interest on the national debt. Powell believes further rate cuts are unwise. He wants to wait and see what the consequences of the Trump administration's economic policies are, par…
Powell privately adamant that he will serve out his full term at the Fed
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates.
When visiting the Federal Reserve Building, Donald Trump tried to expose the head of the central bank, but Jerome Powell did not like the US president's side blow. He countered with facts and made the Trump blamage perfect.
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
