Trump, federal reserve and interest rates
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Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.
Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.
President Trump escalates pressure on Federal Reserve Chairman Jerome Powell to lower interest rates by targeting the Federal Reserve's costly renovation plans. Trump's tactics include appointing allies to review the renovations and publicly criticizing Powell,
Stocks have hit new highs despite President Trump’s escalating trade war. Some traders may be calling his bluff, but Jamie Dimon of JPMorgan Chase advises caution.
Kevin Warsh, the former Fed governor considered the most likely replacement for Jerome Powell to lead the Fed, on Monday night articulated his vision for policy. “Interest rates should be lower. The balance sheet should be smaller,
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?
During a White House briefing, press secretary Karoline Leavitt brandished a sheet of paper listing global central bank rates with President Trump’s message scrawled across.
The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to President Donald Trump's tariffs.