Trump, White House and Jerome Powell
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Axios on MSNThe White House's new line of attack against PowellIn the Trump administration's war with Federal Reserve chair Jerome Powell, there is a new front — ostensibly about beehives and rooftop gardens, but really a fight for control of the U.S. central bank.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
President Trump and his allies have accused the Federal Reserve chair, Jerome Powell, of misleading Congress in what some legal scholars worry is a prelude to seeking his removal.
Trump wants Powell to lower interest rates in order to boost the economy, but the Fed chair has said the president’s tariff plans have kept him from doing so.
Russell Vought called the initial renovation plans for the Federal Reserve’s headquarters ‘ostentatious’ in what appears to be part of a larger campaign to pressure Jerome Powell to depart
The White House has stepped up its attacks on Federal Reserve Chair Jerome Powell, criticizing him over renovations at the central bank's Washington, D.C. headquarters.
The comments came after the Supreme Court indicated that President Donald Trump does not have the authority to arbitrarily fire Fed Chair Jerome Powell.
A dispute over the Federal Reserve’s renovation of its headquarters could provide the pretext to attempt the removal of Fed chief Jerome Powell over interest-rate disagreements.
President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.