Trump, Powell and interest rates
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Benzinga on MSNJune Inflation Data Validates Powell's Trump PushbackPresident Trump’s push for immediate rate cuts met resistance Tuesday as June’s inflation data supported the Federal Reserve’s patient stance, according to Benzinga. The Consumer Price Index rose 2.7% year over year,
Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
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Cryptopolitan on MSNTrump’s push to oust Powell triggers market fears of inflationPresident Trump has renewed calls for Federal Reserve Chair Jerome Powell to resign, criticizing the Fed for not cutting interest rates.
Former President Donald Trump has urged the Federal Reserve to significantly cut the federal interest rate. He claims a reduction by 3 percentage points would alleviate national debt burdens and maintain economic growth without triggering inflation.
BTC jumped within 30 minutes of Trump’s rate-cut post as analysts weighed inflation risks and the impact of a potential 300 bp cut on asset prices.
President Donald Trump will welcome Bahrain Crown Prince Salman bin Hamad Al Khalifa to the White House on Wednesday. It’s the latest example of how the president has courted Arab leaders from the Gulf, where Trump recently visited.
President Trump urges the Federal Reserve to set a low benchmark interest rate, aiming to ease government borrowing costs. While this could facilitate administration spending, experts warn it may signal economic distress rather than strength,
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.