US EditionThe Trump Allies Behind the Escalating Power Play Against Jerome Powell | News Channel 3-12
WASHINGTON, D.C., JUL 30 – Trump publicly criticizes Federal Reserve Chair Jerome Powell for resisting interest rate cuts despite inflation below the 2% target, threatening to challenge the Fed's independence.
- Federal Reserve Chair Jerome Powell faces intense pressure from President Trump and his allies ahead of the FOMC meeting considering interest-rate adjustments today.
- This pressure follows a history of presidential influence attempts on the Fed, with Trump uniquely persistent in demanding rate cuts despite Powell's resistance and legal constraints on removal.
- Powell chairs the Fed's key interest-rate setting committee and leads amid divergent views among governors, with some signaling openness to cuts while Trump criticizes the Fed for not lowering rates sooner.
- Trump expressed confidence in the economy’s performance despite the absence of a rate reduction, while suggesting that a rate cut would be a wise decision; however, analysts anticipate the Federal Reserve will likely keep rates unchanged this week, albeit with possible dissenting votes.
- The ongoing conflict suggests continued tension between the White House and Fed and indicates rate decisions will balance inflation control against political pressure through Powell's term ending in May 2026.
51 Articles
51 Articles
Donald Trump once again attacked Jerome Powell, the boss of the US central bank, on Thursday, calling him "stupid", after his institution left his interest rates unchanged on Wednesday, while the US president had been urging him to lower them for weeks. ...
Colorado Springs Gazette
Trump again slams Fed chair Powell after rates hold
WASHINGTON (Reuters) -U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote.
White House adviser Peter Navarro says Jerome Powell "doesn't understand power of Trumponomics"
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
US Interest Rate Decision: The Jerome Powell-led Federal Reserve kept interest rates unchanged despite unprecedented pressure from the White House to lower them.
Coverage Details
Bias Distribution
- 45% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
