Fed, Trump and Powell
Digest more
President Donald Trump met with Federal Reserve Chairman Jerome Powell this week, striking a lighter tone between himself and the Fed following a tour of the central bank’s headquarters. But the Fed holding interest rates steady once again next week could be a blow to that truce.
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
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.
U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell. "We are getting the process underway.
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,
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.