Trump’s case against Fed chair Powell
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The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
President Donald Trump isn't really feuding with Federal Reserve Chair Jerome H. Powell, even though the press keeps saying he is. The claim that Powell helped the Democrats last year by cutting interest rates but now refuses to cut rates for Trump,
President Donald Trump isn’t really feuding with Federal Reserve Chair Jerome H. Powell, even though the press keeps saying he is. Feuds have two sides. Trump and his allies have launched one attack after another on Powell — calling him “ a moron ” and “ a political hack ,” threatening him with criminal prosecution — while he just takes it.
President Trump is used to world leaders bowing down to him, and to cabinet members fawning over him. Jerome H. Powell, the chair of the Federal Reserve, took a different approach.
In 1997, billionaire Carlyle co-founder David Rubenstein hired a then-relatively unknown member of the George H.W. Bush administration named Jerome Powell. Over the course of eight years, Powell led the private equity firm's industrial group and was a partner.
But when asked if the issue of the over budget renovations gave him cause to fire Mr. Powell, Mr. Trump said he doesn’ t want to get personal, and that he was only visiting the site along the National Mall in Washington for a tour.
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Trump intensifies attacks on Fed’s Powell over the weekend - MSNPresident Donald Trump escalated his attacks on Federal Reserve Chair Jerome H. Powell over the weekend, calling him a “stupid person” for not cutting short-term borrowing rates right away.
Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.
William Pulte, a political appointee with little housing policy experience, is using his federal post and massive social media following to attack the Federal Reserve chief—and grab Trump’s attention.