Powell, Donald Trump and Federal Reserve
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The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.
Despite his criticisms, Trump ultimately opted against removing Powell and thus avoided any legal fights that could ensue. Former President Joe Biden reappointed Powell as Fed chair for a term ...
President Donald Trump is scheduled to visit the Federal Reserve on Thursday, a trip that will be closely watched amid ongoing tensions between the White House and Fed leadership.
President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump's extended campaign to pressure Powell, who he says has been too slow to lower interest rates.