Fed, Trump and Powell
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Trump, Jerome Powell and interest rates
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The project has exceeded its initial budget. But what the Trump adminstration really wants is lower interest rates.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Jerome Powell from the helm of the central bank,
The Republican lawmakers expressed their approval of Trump's intention to fire him, according to the White House officials and sources on Wednesday. According to one lawmaker in t
Gold prices dipped on Thursday, pressured by a firmer dollar and easing market tensions after U.S. President Donald Trump said it was "highly unlikely" he would dismiss Federal Reserve Chair Jerome Powell.
But Wall Street barely flinched Monday, opting to tune out the Trump show and stay focused on the relatively cheerier programming on the horizon: a strong corporate earnings season beginning this week and signs that the economy is still in decent shape.