Trump, Jerome Powell and interest rates
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President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears—but it still won't be happening any time soon.
President Trump on Thursday criticized Federal Reserve Chair Jerome Powell for holding interest rates steady at the Fed's May 7 meeting, calling him a "fool" for acting "too late" in cutting the central bank's benchmark rate.
The Fed has left it's key interest rate unchanged for three consecutive meetings, with Chair Jerome Powell citing economic uncertainty.
President Donald Trump has relentlessly attacked Fed Chairman Jerome Powell since he retook office, most recently calling him a “fool” Thursday morning after the Fed chose to hold interest rates steady the day prior.
President Donald Trump once again lashed out at Federal Reserve Chair Jerome Powell, calling him a "FOOL" a day after the central bank decided to hold interest rates steady. Trump wants interest rates to come down more quickly to help boost economic growth,
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Cryptopolitan on MSNTrump’s “Mr. Too Late” label may stick even if Fed’s Powell wins the warFederal Reserve Chair Jerome Powell might win the inflation battle, the public opinion war, and still end up branded with Trump’s latest insult: “Mr. Too Late.”
The Federal Reserve’s refusal to acquiesce to Trump’s Interest rate cut requests has led Powell to become one of Trump’s biggest targets.
Federal Reserve Chairm Jerome Powell pushed back on political pressure from the White House, saying President Trump 'doesn't affect our doing our job at all' and that 'I've never asked for a meeting with any president,
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief.