Trump, Powell and Interest Rates
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White House ramps up pressure on Fed's Powell
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Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.
William Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, said on July 11, “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.”
15hon MSN
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.
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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.
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.
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7hon 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.