Fed, Trump and Jerome Powell
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The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central bank to lower rates to help reduce the cost to service the nation's debt.
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?
President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’s headquarters.