Fed, Trump
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While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
Barron’s spoke with Tobin Marcus, head of U.S. policy and politics with Wolfe Research and a former White House advisor during the Obama era, about what could unfold if Trump follows through on such a move. An edited version of our conversation is below.
Some Federal Reserve policymakers are not budging from their view that rates should remain where they are despite the intensifying pressure from President Trump to ease monetary policy immediately.
Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.
Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, offered support Wednesday for Federal Reserve Chair Jerome Powell, whose policies she frequently criticizes.
President Trump has expressed his dissatisfaction with Federal Reserve Chair Jerome Powell's performance, describing it as "lousy." While dismissing immediate plans for Powell's removal, Trump hinted at potential changes when Powell's term concludes next year.
Two months into the second Trump administration, the Federal Reserve decided to keep their policy interest rate unchanged. That stance will likely continue, though most Fed policymakers expect ...