Jerome Powell, Federal Reserve and Trump
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As the Fed moved forward with plans to renovate its Great Depression-era headquarters in Washington during Trump’s first term, it faced concerns in 2020 during a vetting process involving Trump appointees, who called for more “white Georgia marble” for the facade of building.
Daily Show host Jordan Klepper on Thursday mocked President Donald Trump after he appeared to claim that former President Joe Biden appointed Federal Reserve Chair Jerome Powell. Related: Hillary Clinton Just Hit On One Of Donald Trump's Biggest Insecurities With Three Words
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.
Chicago Federal Reserve president Austan Goolsbee on Friday expressed support for Jerome Powell and central bank independence when asked about pressure being applied by President Trump, saying the Fed chair is a “totally honorable guy.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.