Fed's Spending Trump Uses Against Powell
Digest more
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
President Trump is putting pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, and has been critical of the Fed’s $2.5 billion office renovation.
The White House is criticizing an expensive renovation at Federal Reserve headquarters as President Donald Trump pursues a pressure campaign to lower interest rates.
1h
Mediaite on MSNTrump Attacks Fed Chair Powell as He Heads to Texas, Claims America Was ‘Dead’ a Year AgoPresident Trump once again demanded lower interest rates with a blistering new attack on Jerome Powell when asked about whether he'd be firing the Fed chair.
Vought sent a letter to Powell probing him with questions over the renovation of the Federal Reserve’s headquarters in Washington, D.C.
Republicans believe Powell’s testimony to Congress about an ongoing $2.5 billion DC office renovation may be a way to force him to step aside.
JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the financial market was underestimating the possibility of U.S. interest rates climbing higher, a prospect he described as a "cause for concern".