Trump, Fed and Powell
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Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
U.S. Treasury Secretary Scott Bessent suggests an institutional review of the Federal Reserve amid President Trump's criticisms of Chair Jerome Powell over issues such as interest-rate decisions and budget overruns on a renovation.
President Donald Trump is scheduled to welcome NATO Secretary-General Mark Rutte to the White House on Monday, a day after the president said the U.S. would provide "sophisticated" equipment to Ukraine to aid in its fight against Russia.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.