Fed chair Jerome Powell calls out Donald Trump
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Trump clashes with Powell
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The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
William Pulte, a political appointee with little housing policy experience, is using his federal post and massive social media following to attack the Federal Reserve chief—and grab Trump’s attention.
President Trump is relentlessly bullying the Fed Chair he first appointed over interest rates. His arguments don’t hold up.
President Trump is used to world leaders bowing down to him, and to cabinet members fawning over him. Jerome H. Powell, the chair of the Federal Reserve, took a different approach.
Trump reportedly shows draft firing letter as Powell exit odds jump after Rep. Luna's post shakes markets. In a sudden turn of events, President Donald Trump said he was "not planning on doing anything" to get rid of Federal Reserve Chair Jerome Powell, reported CNBC.
But when asked if the issue of the over budget renovations gave him cause to fire Mr. Powell, Mr. Trump said he doesn’ t want to get personal, and that he was only visiting the site along the National Mall in Washington for a tour.
The White House accuses the Fed chair of potentially "violating the law" in his renovation of the central bank's Washington, D.C., headquarters.
As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.