Trump, Federal Reserve and Powell
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President Donald Trump wants the Federal Reserve to slash interest rates by three percentage points, a massive cut that could push borrowing costs back to pandemic lows. With two seats at the Fed likely opening up soon,
Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
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The Daily Caller on MSNInvestment Firm CEO Says Trump Has ‘Unique Opportunity’ To Get New Fed Chair Earlier Than ExpectedJames Fishback, founder and CEO of the investment firm Azoria, said Friday on Fox News’ “The Ingraham Angle” that President Donald Trump has a “unique opportunity” to appoint a new chairman of the Federal Reserve sooner than “everyone expects.
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.
The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
Donald Trump blamed his predecessor Joe Biden for appointing a 'terrible' Federal Reserve chair. Except Biden wasn't the president who handed Jerome Powell the job — Trump was