The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.
Category: Federal Reserve System
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The Fed Renovations Fueling Trump’s Anger at Jerome Powell
President Trump is set to visit the central bank’s construction site on Thursday with administration officials amid allegations that the costly project has been mismanaged.
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White House Keeps Pressure on Powell Over Rate Cuts and Renovations
President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.
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Fed Defends Renovations as Trump Administration Intensifies Attacks
The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.
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Investors Shrug Off Trump’s Attacks on the Fed and Trade Allies
Investors continue to shrug off the president’s threats, sending stocks to new highs. That calm could be tested going into a packed week for corporate earnings.
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Trump’s War With Powell Throws a Little-Known Planning Board Into Scrutiny
The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chairman of the Federal Reserve.
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Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
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Top Fed Official Backs July Rate Cut as Trump Ramps Up Pressure
Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
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Trump’s Attacks on Powell and the Fed Ripple Through Global Economy
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
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Trump Has Penned Letter To Fire Fed Chair Jerome Powell
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.