Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes
- President Donald Trump criticized Federal Reserve Chair Jerome Powell, stating that Powell's "termination cannot come fast enough" regarding interest rate cuts.
- Powell stated that Trump's tariffs have led the Fed to seek "greater clarity" on policy impacts before altering interest rates.
- Trump argues that the Fed should align its rates with the European Central Bank, which recently announced cuts.
- Powell defended the Fed's independence, affirming that it will not be swayed by "any political pressure.
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Hassett Attacks Jay Powell As 'Elizabeth Warren Clone' For Not Bowing To Trump
Trump's director of the National Economic Council, Kevin Hassett did his MAGA duty by attacking Fed Chairman Jay Powell for not lowering interest rates to appease Trump. Causing chaos to the entire global economy has its issues. HASSERT: I got to say that if the Fed respects its independence, then it should pay attention to what Republicans are saying about Jay Powell, because Jay Powell is the person who cut rates right ahead of the election t…
·United States
Read Full ArticleTrump thinks he can remove Powell from Fed
WASHINGTON — President Donald Trump attacked Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and claimed he could fire him if he wanted to, renewing a threat from his first term that could cause a major…
·Omaha, United States
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Total News Sources485
Leaning Left69Leaning Right82Center157Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 22%
C 51%
R 27%
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