Powell, White House and Fed
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Trump's beef with Jerome Powell centers on interest rates, but he has also started criticizing his management of the renovation of two Fed buildings.
The House is expected to approve President Donald Trump’s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid Thursday evening. The White House had described the rescissions package as a test case and said that if Congress went along,
Trump wants Powell to lower interest rates in order to boost the economy, but the Fed chair has said the president’s tariff plans have kept him from doing so.
The Federal Reserve's] hesitancy to cut rates, I think, is actually … quite a mark against them,” former Fed governor Kevin Warsh said.
President Trump indicated to Republican lawmakers that he plans to fire Federal Reserve Chair Jerome Powell, a senior White House official told The Hill. The suggestion came during an Oval Office
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
Now the persisting furor over files related to accused sex trafficker Jeffrey Epstein has forced Trump into an unfamiliar role: trying to shut a conspiracy theory down. Epstein, a wealthy financier and convicted sex offender,