Trump, Powell and interest rates
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Despite his criticisms, Trump ultimately opted against removing Powell and thus avoided any legal fights that could ensue. Former President Joe Biden reappointed Powell as Fed chair for a term that is due to end in May 2026.
Trump posted Thursday on social media. “Powell’s termination cannot come fast enough ... who had been serving as chair of the National Labor Relations Board, warned the Supreme Court this week. Likely sensing the court’s reticence to mess with ...
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Trump attacking Fed Chair Jerome Powell is a public relations ploy — and it’s workingBut he’s an absolute genius when it comes to public relations, propaganda and manipulating ... against Federal Reserve Chair Jerome Powell shows. Trump, having begun the decline in the U.S ...
Federal Reserve Chair Jerome Powell warned that Trump’s tariff regime could lead to increased inflation and unemployment, and an economic slowdown.
President Trump is threatening to remove Federal Reserve Chair Jerome Powell. Whether such a move is legal could soon be decided by the Supreme Court.
“Powell has always been ‘To [sic] Late,’” Trump wrote this week ... he can fire the board members of two other independent agencies — the National Labor Relations Board and the Merit Systems Protection Board. If the court sides with the White ...
Any attempt to remove the Fed chair — a legally questionable option Trump considered in his first term — would feed instability in markets already woozy from the recent tariff whiplash.
Trump forced out two FBI directors because they would not follow his orders: James Comey at the beginning of Trump’s first term and Christopher Wray at the beginning of the second one. Wray was a Trump appointee whom President Joe Biden left in place for all four years of his term.
If SCOTUS decides members of independent agencies can be fired at will, the implications could be huge—including for the Federal Reserve.