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#federalreserve

33 innlegg18 deltakere5 innlegg i dag
Fortsettelse av samtale

Some advisers to & allies of #Trump insist he’s simply trolling #JeromePowell & hoping to torment the #FederalReserve chair but won’t actually follow through with trying to fire him. [how very presidential]

But the existence of the letter — & Trump’s interest in discussing it — suggests that he is engaging in the type of moves that he often does ahead of ultimately making a major decision.

Fortsettelse av samtale

It remains to be seen whether #Trump will actually go ahead with trying to fire #JeromePowell, a move that some in his admin have cautioned could be calamitous & have far more expansive fallout than Trump appears to anticipate.

Trump has in recent weeks called on Powell to resign, saying he has not done enough to lower #InterestRates. But as recently as Friday Trump said he had no plans to fire Powell, despite saying the #FederalReserve chair was doing a “terrible job.”

Holy shit

#Trump showed off a draft of a letter firing the chair of #FederalReserve, #JeromePowell, during a meeting with roughly a dozen #House #Republicans on Tues night, polling them as to whether he should do it & indicating that he likely would….

The meeting in the Oval Office was on an unrelated topic…. But Trump used it to discuss what has become one of his favorite topics: his hatred of Powell, whom he elevated to chair in 2017….

#law #economy #independence
nytimes.com/2025/07/16/us/poli

President Donald J. Trump and Federal Reserve Chair Jerome Powell at the White House in 2017.
The New York Times · Trump Has Penned Letter To Fire Fed Chair Jerome PowellAv Maggie Haberman

#US #consumer prices picked up in June, marking the start of a long-anticipated #tariff-induced increase in #inflation that has kept the #FederalReserve cautious about resuming its #InterestRates cuts.

The Consumer Price Index [#CPI] increased 0.3% last month after edging up 0.1% in May, the #Labor Dept’s Bureau of Labor Statistics [#BLS] said on Tues. That was the largest gain since January.

#economy #TrumpTariffs #Trump #Trumpcession #recession
reuters.com/business/us-inflat

#Trump could possibly fire #FederalReserve chair #JeromePowell over the renovation of Fed facilities, National Economic Council [#NEC] director #KevinHassett said Sunday.

The admin's relentless efforts to get Powell to either cut interest rates or leave have called the future #independence of the central bank into question.

The mere threat of firing Powell caused a sell-off in #markets earlier this year that sent #InterestRates soaring.

#law #economy #AbuseOfPower
axios.com/2025/07/13/trump-pow

National Economic Council director Kevin Hassett on the White House grounds.
Axios · Trump could potentially fire Powell over Fed renovations, Hassett saysAv Ben Berkowitz