Fed's Spending Trump Uses Against Powell
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President Donald Trump has repeatedly called on Federal Reserve Chairman Jerome Powell to slash interest rates.
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.
The president's ongoing effort to push Fed Chairman Jerome Powell out of his job are part of a dangerous effort to undermine the central bank's nonpartisan monetary policy processes.
Here’s what investing pros said about Fed Chair Jerome Powell’s performance while heading up the Federal Reserve.
“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.