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Trump will likely fire Fed Chair Powell ‘soon,’ Bloomberg reports
UNITED STATES, JUL 16 – President Trump showed a draft letter to fire Fed Chair Jerome Powell and sought GOP support amid frustration over interest rates and legal challenges to his authority.
- President Trump reportedly plans to fire Federal Reserve Chair Jerome Powell 'soon.'
- Trump has launched a multi-pronged attack on Powell, pushing the central bank to lower interest rates.
- Firing Powell could undermine the Fed's independence and lead to higher inflation, interest rates, and a weaker economy, according to the report.
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Trump relents on Fed renovations after tense tour with Powell: ‘Just get it finished’ - Washington Examiner
President Donald Trump reversed his opposition to the Federal Reserve’s $2.5 billion renovation of its headquarters after touring the Washington, D.C., project site on Thursday. The massive and costly development of two of the Fed’s historic buildings became the latest sticking point between Trump and Fed Chairman Jerome Powell earlier this month after the Central Bank’s chief had long attracted the president’s outrage due to his refusal to low…
·Washington, United States
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der Standard DE
der Standard DEA throw-out of the U.S. top currency keeper carries legal and economic risks. Nevertheless, the president believes that he has found a lever
·Vienna, Austria
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Coverage Details
Total News Sources187
Leaning Left28Leaning Right22Center67Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
Factuality
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