Trump’s case against Fed chair Powell
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Amid an escalating campaign by the Trump administration against Federal Reserve Chair Powell, an AI-generated letter made its rounds online.
The administration has repeatedly criticized Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of work on the institution’s headquarters.
The president’s participation in a tour of the Fed had the makings of a public relations disaster for the central bank. But by Friday, the president was praising Powell.
William Pulte, a political appointee with little housing policy experience, is using his federal post and massive social media following to attack the Federal Reserve chief—and grab Trump’s attention.
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented,
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Cryptopolitan on MSNFed Chair Jerome Powell refuses to resign or cut rates despite pressure from President TrumpJerome Powell is staying exactly where he is, and he’s not cutting interest rates either. According to reporting from CNN, the Federal Reserve Chair told people close to him that he won’t give in to President Donald Trump’s repeated demands to either quit or cut rates.
President Donald Trump isn’t really feuding with Federal Reserve Chair Jerome H. Powell, even though the press keeps saying he is. Feuds have two sides. Trump and his allies have launched one attack after another on Powell — calling him “ a moron ” and “ a political hack ,” threatening him with criminal prosecution — while he just takes it.
After rumors spread that he was about to sack the Federal Reserve leader and stocks dropped, the president told reporters that he wasn’t “planning on doing anything.”
President Trump is used to world leaders bowing down to him, and to cabinet members fawning over him. Jerome H. Powell, the chair of the Federal Reserve, took a different approach.