Trump, Jerome Powell
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Is the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign. President Trump, of course, is on
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Stocktwits on MSNTrump Reportedly Pitches Idea Of Firing Fed Chair Jerome Powell To House RepublicansPresident Donald Trump reportedly floated the idea of firing Federal Reserve Chair Jerome Powell during a meeting with House Republicans on Tuesday night and received backing from the group. According to a report by CBS,
JPMorgan chief’s comments come as Treasury secretary says ‘formal process’ to replace central bank chief is under way
Opinion
Left-Wing Press Using Tariff Hysteria To Cover Up Jay Powell’s Incompetence — and Frame TrumpWith Trump’s pro-growth tax cuts and deregulation on the horizon, it’s far too soon to draw any tariff conclusions.
JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that 'playing around with the Fed can often have adverse consequences.'
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President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
By stubbornly refusing to lower interest rates despite ample data urging him to do so, Fed Chairman Jerome Powell is committing his third major policy blunder in six years. If he continues this tight-money path through the July 29 Fed meeting, “Too Late” Powell will go down as the worst Fed chair in history.
Rather, it’s that the journalists don’t ask Powell the tough and obvious questions that might indicate how misguided is the Fed’s data-dependent and overly hawkish monetary-policy stance.
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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.
Also in today’s newsletter, Reeves puts reform of UK cash ISAs on hold and Google is to agree cloud discount with US government