US Edition
White House ramps up pressure on Fed's Powell three weeks before next interest rate decision
UNITED STATES, JUL 11 – Senate Republicans warn that combining Treasury Secretary and Federal Reserve Chair roles could undermine Fed independence amid ongoing criticism of Jerome Powell's policies and leadership.
- President Donald Trump criticized Fed Chair Jerome Powell for not cutting interest rates and suggested replacing him.
- Senators John Kennedy and Thom Tillis expressed caution about appointing one person to both the Treasury and Fed roles, raising concerns about independence.
- A White House spokesperson defended Trump’s criticism of Powell, stating it was his right to express concerns.
- Trump claims the Fed's rate is 'AT LEAST 3 Points too high,' affecting refinancing costs and the economy negatively.
29 Articles
29 Articles
Risk of Powell ouster is underpriced, Deutsche Bank strategist says
President Donald Trump’s potential dismissal of Federal Reserve Chair Jerome Powell is a major and underpriced risk that could trigger a selloff in the US dollar and Treasuries, a Deutsche Bank AG strategist said. Trump this week said Powell should “resign immediately,” if allegations from an administration official that the central banker misled lawmakers over renovations to the Fed’s headquarters prove true. The remark added to growing critici…
White House Responds to Reports Fed Chair Powell May Resign
The Trump administration is signaling support for Jerome Powell’s resignation as Federal Reserve Chair, citing his refusal to lower interest rates and the ballooning cost of Fed headquarters renovations. Key Facts: Federal Housing Finance Agency Director William Pulte said he was “encouraged” by reports that Powell may resign. President Trump slammed Powell for keeping interest rates too high and suggested the economy would benefit if he steppe…
Analysis by Phil Mattingly, CNN President Donald Trump's attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they have little impact on financial markets. The rapid intensification of Trump's advisers' varied attempts to amplify and expand his attacks is good reason to reconsider that indifference. White House advisers are unequivocally engaged in a coordinated campaign to dramatically increase pressure on Pow…
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