US EditionTrump Ropes Fed Into Debt Fight
- On Tuesday, President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Truth Social, urging Congress to pressure him to cut interest rates.
- Trump's criticism stems from Powell's refusal to lower the federal funds rate, which has remained at 4.25% to 4.5% despite calls for cuts.
- Trump labeled Powell a "not smart person" and claimed Europe made ten rate cuts while the U.S. made none, arguing rates should be 2.5 points lower to aid the economy.
- Trump stated lowering rates to 1% to 2% could save the U.S. up to $1 trillion annually and described the current low inflation and strong economy as justification for cuts.
- The Supreme Court has indicated it likely would not permit firing Powell, who was appointed by Trump and reappointed by Biden, signaling limits on presidential influence over the Fed.
29 Articles
29 Articles
Amid 'nasty' pressure campaign from President Trump, Fed Chair Powell set to testify
Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates.
'Work him over!' Early morning Trump rage urges Congress to lay into foe
President Donald Trump took to Truth Social early Tuesday to launch into Federal Reserve chair Jerome Powell — and urge his allies in Congress to tear into the man.“‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower th...
Trump ropes Fed into debt fight
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump takes aim at Fed as fiscal mess looms President Trump is pushing the Federal Reserve to go beyond its legal mandate and help him manage the national debt as Republicans face growing pressure over the…
Daily Journal
Powell set to testify amid Trump's 'nasty' pressure campaign
(The Center Square) – Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates.
Fed Maintains Rates: Jerome Powell Will Testify at the Capitol Amid Tariff Uncertainty and Inflation
Jerome Powell, president of the Federal Reserve, is ready to present himself at the Capitol, according to the original report.This comes after the Federal Reserve's recent decision to keep interest rates unchanged.During his two-day testimony, Powell is expected to defend the central bank's cautious policy against current economic uncertainties.This month, it is projected that the personal consumption spending price index, excluding food and ene…
Coverage Details
Bias Distribution
- 42% of the sources lean Right
To view factuality data please Upgrade to Premium
