Powell, Donald Trump and Fed
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Bond traders are boosting bets that the Federal Reserve will cut interest rates more aggressively next year, as speculation mounts that an eventual change of leadership at the central bank will deliver the easier monetary policy that President Donald Trump is demanding.
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Irish Star on MSNTrump advisers to tour Fed HQ amid controversy over $2.5 billion renovation projectPresident Donald Trump's advisors are scheduled to visit the Federal Reserve headquarters on Thursday as Trump and his administration ramp up attacks on Jerome Powell, the agency's head.
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
U.S. Treasury Secretary Scott Bessent on Wednesday told Bloomberg TV in an interview that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell. Bessent said he continues to have regular meetings with Powell and that Powell had not told him whether he would leave his board seat.