Trump, Federal Reserve and Jerome Powell
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Investors continue to shrug off the president’s threats, sending stocks to new highs. That calm could be tested going into a packed week for corporate earnings.
President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
Daily Show host Jordan Klepper on Thursday mocked President Donald Trump after he appeared to claim that former President Joe Biden appointed Federal Reserve Chair Jerome Powell. Related: Hillary Clinton Just Hit On One Of Donald Trump's Biggest Insecurities With Three Words
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
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Mediaite on MSN‘Typically Untruthful Story!’ Trump Attacks the Wall St. Journal Amid President’s Lawsuit Over Epstein StoryTrump is ramping up his attacks on the WSJ days after suing them over an article in which they reported that Trump wrote a tawdry letter to Epstein in 2003.
President Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
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What Trump’s Attacks on the Fed and Powell Are Really About - MSNTrump’s current attacks on Powell come at a precarious time. “Liberation Day tariffs damaged confidence in the U.S. currency and in financial assets such as Treasuries,” said Christopher ...
“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.
On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,