Politics Today News Trump Puts Fed’s Powell In A Political Bind With Push To Cut Rates

Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates

The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him. Read More

One of Trump’s most consequential decisions just got more complicated

President Donald Trump has spent months boasting that he has the opportunity to replace Jerome Powell when the Federal Reserve chair’s term ends in May. But after Trump gave his strongest hint yet ... Read More

Fed could find itself in a bind as it sets the stage for Powell's successor

The U.S. Federal Reserve's meeting this week will begin to set expectations for President Donald Trump's upcoming nominee to lead the central bank, potentially leaving policymakers in a bind between ... Read More

Trump teases he’ll fire Bessent if Fed doesn’t cut interest rates

President Donald Trump on Wednesday suggested he would fire Treasury Secretary Scott Bessent if the Federal Reserve doesn’t decrease interest rates. “The only thing Scott is blowing it on is the Fed ... Read More

Fed Divisions Show Powell Isn’t Trump’s Biggest Hurdle to a Rate Cut

President Trump said this week he expects much lower interest rates once he can install a new Federal Reserve chair next May. Growing opposition to a December rate cut inside the central bank suggests ... Read More

High Interest Rates Could Push Fed Chief Powell into Clash with Trump

U.S. Federal Reserve Chair Jerome Powell may be heading toward a confrontation with President-elect Donald Trump in the coming months over high borrowing costs, according to analysts. Trump's pledge ... Read More

Trump Again Criticizes Fed's Powell, Says 'I'd Love to Fire His Ass'

WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday doubled down on his criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates more quickly, saying: "I'll be ... Read More