Trump, Jerome Powell and Federal Reserve
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15hon MSNOpinion
The president insists the Fed’s interest rate is costing the nation hundreds of billions. The math doesn’t work, Allan Sloan writes.
President Trump criticized Federal Reserve officials, particularly Chair Jerome Powell, stressing the need for lower interest rates. He described Powell as a 'numbskull', blaming the Board for the ongoing financial strain on citizens.
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Trump's Push for Lower Interest Rates: The Quest to Oust PowellPresident Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, aiming to replace him with someone who will lower interest rates.
First, consider the case of Richard Nixon and his Fed Chairman, Arthur Burns. At the end of 1969, after he was nominated, but before he took office, Burns was told by Nixon that his predecessor “was always six months too late doing anything.
Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?
President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an ...
After being subject to Trump's ire, Federal Reserve Chairman Jerome Powell will announce interest rates on Wednesday.
National Economic Council director is one of the US President's longest-serving economic aides. Read more at straitstimes.com. Read more at straitstimes.com.
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