Federal Reserve, Donald Trump and Rates
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President Donald Trump told reporters he would not fire Federal Reserve Chair Jerome Powell despite growing tension between the two over interest rates.
The stock market is at record highs as investors brace for what's expected to be the busiest week of the summer on Wall Street.
Aside from interest rates, the president and Powell are also not on the same page about the Federal Reserve renovation costs and inflation.
The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, which has sat at 4.25% to 4.5% since December. The decision will go public at 2 p.m. Eastern time on Wednesday, and Fed Chair Jerome Powell will address the media at 2:30 p.m.
It’s not the Nantucket Summer Garden Tour.Yet a gaggle of White House officials and other GOP leaders led by President Donald Trump headed over to the Federal Reserve campus this week. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵They're checking out a $2.