Trump, Powell and interest rates
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As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.
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Powell not lowering interest rates is due to ‘politics,’ economist arguesFirst Trust Advisors L.P. chief economist Brian Wesbury discusses the Federal Reserve’s leadership, cutting interest rates and more on ‘Varney & Co.’
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
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.
Right now, inflation is still hovering just above the Federal Reserve’s target and data is mixed. That’s why Fed Chair Jerome Powell is keeping rates steady, despite public calls for action
Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access to the Fed’s building in Washington.
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."