Fed, Powell and White House
Digest more
The president indicated to Republican lawmakers that he is likely to attempt to remove the Fed chair from his job soon.
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.
1d
Cryptopolitan on MSNWhite House says patriotism keeps Trump’s tariffs from driving inflationPatriotism is now being used as an inflation control strategy by the White House, according to economic advisor Kevin Hassett, who on Monday told CNBC’s
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.
The White House on Thursday denied that President Trump is close to announcing a replacement for Fed Chair Jerome Powell – just a day after Trump said he had “three or four people” in mind.
The Fed chair and the president sat down for a private meeting at the White House on Thursday Last Updated: May 29, 2025 at 6:57 p.m. ET First Published: May 29, 2025 at 12:59 p.m. ET Share
Federal Reserve Chair Jerome Powell and President Donald Trump met at the White House for the first time in the president's second term, the central bank announced.