Fed, Trump and Jerome Powell
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The administration has repeatedly criticized Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of renovations at the institution’s headquarters.
President Trump is scheduled to visit the Federal Reserve’s headquarters on Thursday, joining other administration officials who have requested a site tour because of scrutiny of the central bank’s renovations.
The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.
President Trump has reiterated his criticism of Federal Reserve Chairman Jerome Powell at a White House event. Market Catalysts host Julie Hyman breaks down the details. To watch more expert insights and analysis on the latest market action,
US Treasury Secretary Scott Bessent said on Wednesday that the administration is not in a hurry to identify a successor for Powell.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
President Donald Trump kept up his criticism of Federal Reserve Chair Jerome Powell Tuesday but stopped short of saying he should resign. Asked during an Oval Office appearance with Philippine President Ferdinand Marcos Jr.
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