US Edition
Powell Under Siege as Fed Conference Kicks Off
UNITED STATES, JUL 22 – Trump accuses Fed Chair Jerome Powell of political bias and mishandling interest rates while pushing for lower rates despite inflation near 3%, sparking market concerns, analysts say.
- In recent weeks, US President Donald Trump criticized Federal Reserve Chair Jerome Powell, calling him 'too late' and accusing him of overspending on Fed renovations, in Washington, DC.
- Trump demanded a three-point rate cut, with all rates assumed to remain at 4.25%–4.50% until July 31, according to Jonathan Ernst, Reuters correspondent.
- Polling his GOP allies, Trump gauged support for Powell's ouster last Tuesday, reportedly showing a draft termination letter.
- Amid market jitters, Bessent called for a full review, citing concerns over Fed operations and rattling markets over firing speculation for weeks.
- The Federal Reserve gauges uncertainty before a planned rate cut in September, with officials expecting a cautious approach despite resilient economic growth.
75 Articles
75 Articles
The Fight For Control Of Your Money
🎧LISTEN on your podcast player of choice:• Apple Podcasts• Spotify• All OthersClick here to access the premium ad-free version for paid subscribers.President Donald Trump and Federal Reserve Chair Jerome Powell are dueling over interest rates set by America’s secretive central bank, the Federal Reserve. Is the Fed’s secrecy and independence good for the economy? Who should control the institution — the people, the president, or Wall Street? And…
'Almost no way this claim is remotely true': Economics expert dismantles Trump's math
Wall Street Journal chief economics correspondent Nick Timiraos quickly saw the flaw in President Donald Trump’s Wednesday rant against Federal Reserve Chair Jerome Powell’s refusal to lower interest rates."Housing in our Country is lagging because Jerome 'Too Late' Powell refuses to lower Interest Rates," Trump said in a post on Truth Social. “… Our rate should be three points lower than they are, saving us $1 trillion per year (as a country). …
In his second term, President Donald Trump has stepped up pressure on Federal Reserve Bank (Fed) President Jerome Powell to speed up the decline in the federal fund rate. In his opinion, Powell’s management has been inadequate and the interest rate should be around 1.0 percent, with the aim of generating social benefits. Trump has stated that, although he has considered it, he will not remove Powell from office. These pressures have been reinfor…
The chairman of the US Federal Reserve is sitting in the slingshot seat. US President Donald Trump wants sharply lower interest rates.
The Billings Gazette
Jill On Money: What Trump vs. Powell means for you
Anyone who has gone through a construction project knows the perils of project creep and cost overruns. For Federal Reserve Chair Jerome Powell, the experience might lead to a more difficult end to his tenure as Fed Chair or potentially…
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