Trump, Powell and Fed
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President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
12hon MSN
The White House is exploring every avenue of executive power to get what President Trump wants from the Federal Reserve: lower interest rates.
Israeli troops killed 79 Palestinians seeking food, Gaza health officials said. President Donald Trump is losing ground on the economy and immigration.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
Donald Trump’s new HR czar has already started firing potshots at former “first buddy” Elon Musk, questioning the effectiveness of his work at cost-cutting taskforce DOGE.
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the crossfire between President Trump and the Wall Street Journal. Bessent said
The U.S. Forest Service faced criticism from current and former employees who say federal workforce reductions under the Trump administration have left fire teams understaffed, as the country grapples with decade-high U.