Trump, Powell and Interest Rates
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White House probe fuels speculation Trump could oust Powell
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Fox News senior White House correspondent Peter Doocy reports on President Donald Trump’s stance on Russia-Ukraine conflict, Federal Reserve Chair Jerome Powell’s overspending and more on ‘Special Report.
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Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.
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Seeking Alpha's daily roundup of statements, remarks and announcements that could impact markets and individual stocks. Read more here.
4hon MSNOpinion
There are any number of rumors that Jay Powell is being forced to resign. President Donald Trump, of course, is on his case daily for not dropping interest rates in line with low inflation.
5hon MSN
Fed Chair Jerome Powell is ‘considering resgining’, according to reports. Chairman of the Board of Fannie Mae and Freddie Mac William J. Pulte issued a statement saying: “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”
LAS VEGAS — In the wake of the Los Angeles Clippers trading him ahead of a possible extension, and in light of the Clippers effectively swapping him out for the less-playoff-proven option of John Collins, Norman Powell had plenty to say about detractors upon his arrival to the Miami Heat.
After passing on the cheapest Kevin Durant offer a team will ever get, the Miami Heat caused many to doubt if they were finally taking a tanking direction for t