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Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.
Cryptopolitan on MSN11h
Wall Street calls Powell’s bluff after weak US jobs print, puts September rate cut back on the tableThe July jobs report dropped and instantly wrecked whatever confidence was left in Jerome Powell’s “strong labor market” line.
"No, I don’t feel sorry for Jerome Powell. He’s worth over $200 million. Who I feel sorry for are the Americans who can’t get a mortgage." ...
That may prompt the Federal Reserve to lower rates sooner rather than later, which President Donald Trump has been demanding for months. The U.S. labor market looks much weaker than previously ...
The president's trip to the Federal Reserve ended in a showdown with the Fed chair over the falsely inflated cost of the ...
For the first time in more than three decades, two of the seven members of the central bank’s board voted against chair to lower rates.
Cryptopolitan on MSN1d
PCE inflation rose 0.3% in June, with the annual rate hitting 2.6%Jerome Powell now has exactly what he needed to justify staying on the sidelines. On Thursday, the Commerce Department ...
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