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White House's new line of attack against Powell
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Trump, Powell and interest rates
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4hon MSN
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
10hon MSN
White House budget director Russell Vought said in a social media post that Jerome Powell 'has grossly mismanaged the Fed' as he published a letter sent to the central bank chairman raising concerns about renovations of the institution's Washington offices.
A broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell.
Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."
It’s part of a larger push by Trump-aligned officials to probe the Fed and challenge Chair Jerome Powell’s leadership.
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.
LAS VEGAS — In the wake of the Los Angeles Clippers trading him ahead of a possible extension, and in light of the Clippers effectively swapping him out for the less-playoff-proven option of John Collins, Norman Powell had plenty to say about detractors upon his arrival to the Miami Heat.
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