Fed's Waller Calls for Jul. Interest Rate Cut
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Federal Reserve, Trump
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J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell consider resigning after refusing to lower interest rates.
Federal Reserve Bank of Richmond former president Jeffrey Lacker says the US Federal Reserve being independent from government is “exceptionally important”. Mr Lacker said history has “proven that case”.
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.
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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.