Trump slams Fed chair Powell
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White House ramps up pressure on Fed's Powell
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President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
The president’s attacks on the independence of the Federal Reserve could further harm the dollar’s status as the preeminent international reserve currency, making credit dearer rather than cheaper.
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Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.
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The White House accuses the Fed chair of potentially "violating the law" in his renovation of the central bank's Washington, D.C., headquarters.
The nonprofit purchased the plant for $11 million to create a space for people with invisible disabilities. “When we say invisible disabilities think things like autism, PTSD, epilepsy, dementia,” Sease said.
A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.
LAS VEGAS — In the wake of the Los Angeles Clippers trading him ahead of a possible extension, and in light of the Clippers effectively swapping him out for the less-playoff-proven option of John Collins, Norman Powell had plenty to say about detractors upon his arrival to the Miami Heat.