Fed, White House and Trump
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Trump, Powell and Fed
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Trump, federal reserve
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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 most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
Reports that President Trump was planning to fire Federal Reserve Chairman Jerome Powell sent stocks and the U.S. dollar tumbling on Wednesday, while long-dated Treasury yields charged higher.
Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell — a move economists say would shake global markets and could unleash economic chaos. Plus, Trump directly attacks his own base over the Epstein backlash.