Powell Says He Hasn’t Had Contact With President Trump
President Donald Trump has called out the Federal Reserve in recent weeks, urging the central bank to continue cutting interest rates. But Chair Jerome Powell said Wednesday that he hasn’t had any contact with the president and declined to comment on any of Trump’s remarks.
The battle for authority between President Trump and Fed Chairman Powell has begun, with Trump pushing for a rate cut and Powell holding steady.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair ...
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