Fed Chair Powell's finally fighting back
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Jerome Powell, Scott Bessent
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Fed, Trump and Jerome Powell
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Bitcoin tops $120K as markets prepare for inflation data and a Powell ouster, with analysts warning of a modern-day 'Nixon shock' that could shake global confidence.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
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Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank's building renovations that White House officials have attacked as "ostentatious."
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and bonds.
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Benzinga on MSNFed Launches Internal Review Of $2.5B Renovation As Trump Officials Slam Oversight, SpendingThe Federal Reserve has requested that its inspector general review a $2.5 billion headquarters expansion project following sharp criticism from the Trump administration. According to CNBC, Fed Chair Jerome Powell requested the review amid accusations of “fiscal mismanagement” and cost overruns tied to renovations.