Trump, Jerome Powell and Fed
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Powell is the head of the US central bank and has recently faced relentless attacks from Trump on social media and in the press, with the Republican leader claiming he’s moving too slowly to cut interest rates.
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Mediaite on MSNClip of Trump Nominating Powell Goes Viral After President Seemed to Forget It HappenedIn a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him.
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Raw Story on MSNTrump’s 'wild' tantrum about to end in 'disaster': analystTrump’s administration has since launched an investigation into Powell for fraud over expensive renovations to the central bank headquarters in Washington, D.C., an investigation that critics have characterized as a tool to give the president the legal pretext to fire Powell at a time of his choosing.
The administration has led a pressure campaign against Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of renovations at the institution’s headquarters.