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President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central ...
Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and ...
4hon MSN
Trump Questioned What Happened To The '90 Deals In 90 Days' He Touted This Is How Long To Bake Ribs In The Oven For That ...
The president has demanded Powell and the Fed lower a key interest rate from 4.25% to 4.5% to as low as 2.25% to juice the economy and reduce interest payments for the $36 trillion federal debt.
Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should ...
Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder - CNN
Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.
President Trump again said Powell should resign immediately, repeating a call he made last week, and noted that 'it’s OK with ...
Powell enjoys more bipartisan support, although his stewardship of the Fed will be tested by inflation, which reached a 40-year high of 8.5% in March before declining slightly to 8.3% in April.
The Fed hopes to accomplish that, Powell said, while keeping the job market strong. But that doesn’t mean the unemployment rate would necessarily stay at 3.6%, where it is now, he said.
Powell said the Fed wants to “deliver a good economy for the benefit of the American people, and that’s it.” “Anything else is kind of a distraction,” Powell added.
Fed Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader's thoughts about President-elect Donald Trump.
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