Trump Shreds Fed Chair Jerome Powell
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Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
The president may try to terminate the Fed chair’s tenure early. But whether Trump has the ability to do so isn’t clear.
As the director of the Federal Housing Finance Agency, Bill Pulte oversees the system that helps keep the U.S. mortgage market liquid.
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
Reports that President Trump was planning to fire Federal Reserve Chairman Jerome Powell sent stocks and the U.S. dollar tumbling on Wednesday, while long-dated Treasury yields charged higher.