Fed, Donald Trump and Powell
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The Fed has left it's key interest rate unchanged for three consecutive meetings, with Chair Jerome Powell citing economic uncertainty.
The ongoing criticism by President Donald Trump against Federal Reserve Chair Jerome Powell continued on Monday, with the president writing on Truth Social, ″there is virtually no inflation" and that Powell is a "major loser.
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essanews.com on MSNTrump escalates feud with Fed chair: Experts warn of inflation riskDonald Trump is once again putting pressure on the head of the American central bank. He has been criticizing Jerome Powell since the beginning of his second term in the White House. In the past, Trump has called him a "fool" and a "big loser.
President Donald Trump has relentlessly attacked Fed Chairman Jerome Powell since he retook office, most recently calling him a “fool” Thursday morning after the Fed chose to hold interest rates steady the day prior.
The Supreme Court went out of its way to note in an unrelated ruling Thursday that Donald Trump cannot legally remove Federal Reserve Chair Jerome Powell. In a decision that did allow Trump to fire two members of independent federal labor boards, the high court said that the Federal Reserve, on the other hand, holds a different status.