Fed, Trump and Jerome Powell
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President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor call dangerous.
Daily Show host Jordan Klepper on Thursday mocked President Donald Trump after he appeared to claim that former President Joe Biden appointed Federal Reserve Chair Jerome Powell. Related: Gavin Newsom Has Been Roasting MAGA Left And Right, And WOW, Is It Entertaining
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
A dramatic day on Wednesday ended with Wall Street in the green and the dollar and short-dated Treasury yields lower, although off their earlier extremes, after President Donald Trump denied reports he will soon fire Fed Chair Jerome Powell.
President Donald Trump said Jerome Powell should “resign immediately” if allegations from an administration official that the Federal Reserve chair misled lawmakers prove true, while deepening his personal attacks against the head of the central bank over interest rate policy.