Trump, Jerome Powell and Federal Reserve
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President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.
Federal Reserve Chair Jerome Powell intends to ignore Donald Trump’s constant calls for him to resign, believing that doing so would damage the independence of the U.S. central bank, according to a new report.
20hon MSN
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
The Federal Reserve said on Friday that it was "grateful" for President Donald Trump's encouragement to complete its renovation project and that it "looked forward" to seeing the project through to completion.
When central banks are pressured by politicians into overheating the economy, everyone ends up getting burned.
As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
Fed staff told reporters that it would have been less expensive to just build a new building rather than restore the two historic properties.