Trump, Powell and interest rates
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Trump has reportedly eyed firing Powell for months and said Thursday, "if I want him out, he’ll be out of there real fast, believe me.
Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief.
Trump wrote. “Powell’s termination cannot come fast enough ... I have a lot of respect for my esteemed colleague and friend Jay Powell. We have a steady solid relationship amongst central bankers,” ECB President Christine Lagarde said Thursday ...
One of the Democratic Party’s leading economic populists has gone from scorching Powell and the Fed to defending them against Trump’s pressure campaign.