Fed, Trump and Powell
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Stock futures were mostly higher early Thursday as the market continued to shake off fears that President Donald Trump could fire Federal Reserve Chair Jerome Powell. Futures on the Dow Jones Industrial Average slipped 31 points,
The president seemed to forget that he appointed Federal Reserve Chair Jerome Powell, which was part of an unsettling pattern of cognitive missteps.
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WRIC ABC 8News on MSNHow the White House is broadening its pressure campaign on Fed chief Jerome PowellThe Fed has long maintained independence from the White House to avoid political pressures influencing monetary policy.
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CCN on MSNScott Bessent Confirms Quest for Jerome Powell’s Replacement Has Begun — Who Will Inherit the Federal Reserve?Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him to resign. Bessent is
Significant legal challenges would arise from an attempt to remove Fed chair Jerome Powell, but Polymarket bettors are warming to the idea – even if it's still a longshot.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.