Trump Denies Plan to Ax Powell
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Mediaite on MSNClip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious AttacksIn a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him.
Powell was nominated by Trump in November 2017 and was confirmed by the Senate in January 2018. The Fed chair’s term lasts four years, and Biden did indeed nominate Powell for a second term, though Trump tries to make it sound like he had nothing to do with Powell’s first appointment.
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank,
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New York Magazine on MSNTrump ‘Surprised’ Someone Appointed Powell Fed Chair (It Was Him)Trump denied he’s about to fire Jerome Powell but told reporters he can’t believe some idiot appointed him Fed chair back in 2017.
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
President Trump hinted at possibly firing Federal Reserve Chair Jerome Powell over disagreements on interest rates and alleged mismanagement of a Fed renovation project. Despite private discussions leaning towards removal,
Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
Reports of President Trump moving closer toward efforts to fire Federal Reserve chair put the central bank’s independence in the spotlight.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.