Trump, Powell and Federal Reserve
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Supreme Court, Consumer Product Safety Commission and Trump
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After touring the Federal Reserve, President Donald Trump called for lower interest rates and said he believes Fed Chair Jerome Powell will “do the right thing,” despite their past policy clashes.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the president.
President Donald Trump‘s bids to replace a litany of independent agency heads have prompted legal challenges from the Left, which could end up with the Supreme Court revisiting a 90-year-old precedent related to the president’s firing power.
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The Trump administration is sending mixed messages about whether Fed Chair Jerome Powell should stay with the central bank until the end of his term.
President Donald Trump’s White House is frantically trying to put out the blaze sparked by its own promises to expose whatever the federal government is hiding about disgraced financier Jeffrey Epstein. A Wall Street Journal bombshell has only flared up the rage, increasing the likelihood that this fire will keep burning all summer.
President Trump responded angrily on Sunday to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell.
Bipartisan pressure is mounting over the limited scope of the Justice Department's disclosures regarding Epstein.