Fed, Trump and Jerome Powell
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The freewheeling style of Bill Pulte, the head of mortgage giants Fannie Mae and Freddie Mac—and known to some as “Little Trump”—is landing the wrong way with some industry and administration officials.
“It’s by now widely agreed, almost all over the world: If you leave monetary policy in political hands, you’ll get too much inflation,” Alan Blinder, a professor of economics at Princeton University and former vice chairman of the Federal Reserve, told ABC News.
Prominent MAGA figures – up to and including Vice President JD Vance – fueled conspiracy theories about Epstein for years to spin up the MAGA base with suggestions about the existence of a “client list” of prominent Americans who had sex with underage girls. Often accompanied by accusations of a Democratic cover-up.
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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.
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Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.
For about an hour on Wednesday, it seemed as though President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Before Trump denied the reports, the yield on the 10-year Treasury note climbed by about 5 basis points,
President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night.