White House, Jerome Powell
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The Trump administration's intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday.
On July 1, Federal Reserve Chair Jerome Powell spoke at the ECB Forum and conveyed caution regarding potential interest rate cuts, reiterating that policymakers are prepared to react to the data that emerges in an environment where economic uncertainty, created by protectionist trade policies, is present.
Federal Reserve Chair Jerome Powell is standing by his wait-and-see message on interest rates despite Trump's pressure and Israel-Iran ceasefire deal.
Federal Reserve Chair Jerome Powell reiterated his view that steady economic activity would allow the central bank to wait and see the effects of tariff hikes before resuming interest-rate cuts. “We’re simply taking some time,
President Trump has repeatedly attacked Jerome H. Powell, chair of the Federal Reserve, for resisting his demands for lower interest rates.