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Trump vs. Powell: Testing the Boundaries of Federal Reserve Independence
President Donald Trump's contemplation of firing Federal Reserve Chair Jerome Powell over interest rate disagreements threatens to challenge the legal boundaries of historical Fed independence. The Federal Reserve Act's unclear definition of 'cause' for removal of board members could lead to unprecedented legal confrontations and implications for the central bank's autonomy.
President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair Jerome Powell because of the plan’s cost overruns.
Financial markets finished the week on a high note after Federal Reserve Chair Jerome Powell stood his ground against ...
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal ...
Asked about Trump's barrage of insults, Powell's comment that the Fed was focused "100%" on its inflation and jobs target drew applause from the audience and from the heads of the ECB, ...
Donald Trump called on Jerome Powell to resign from his role as the Fed's chair "immediately."Drew Angerer/Getty Images The Trump-Jerome Powell feud continues, this time with Trump calling ...
Trump reiterated his criticism of the Fed chair in a Cabinet meeting July 8, calling Powell “terrible,” and telling reporters that deceiving Congress would be grounds for a swift exit.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
Asked about Trump’s barrage of insults, Powell’s comment that the Fed was focused “100%” on its inflation and jobs target drew applause from the audience at a European Centr… ...
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