Trump Shreds Fed Chair Jerome Powell
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President Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project.
The bond manager hasn’t adjusted its portfolio saying it seems unlikely the president will get his way.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at its July 29-30 policy meeting to preserve the labor market’s stren
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
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Loretta Mester, Fmr. Cleveland Fed President, joins 'Fast Money' to explain why she believes firing Jerome Powell would have a negative impact on the economy.
Powell has said on multiple occasions that he has no intention of stepping down as Fed chair. The Federal Reserve Act, which established the Fed as the official central bank of the U.S., says that the Fed has control over its buildings.