Trump, Powell and Federal Reserve
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Amid an escalating campaign by the Trump administration against Federal Reserve Chair Powell, an AI-generated letter made its rounds online.
14hon MSN
Powell's closed-door Fed meetings spark lawsuit from Azoria Capital: 'Public deserves to know'
Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.
Trump ally Rep. Anna Paulina Luna claims Federal Reserve Chairman Jerome Powell committed perjury during Senate testimony and in communications with the Office of Management and Budget.
Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position to ensure the central bank's independence. He's one of the first prominent economic voices to publicly take such a position.
U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury Secretary Scott Bessent called Powell "good public servant" suggesting he finish his term.
Although Trump thinks Powell is “the Worst Federal Reserve Chairman in History,” the Fed chair and his colleagues probably are listening to the president’s arguments in favor of a lower rate.