Powell, Federal Reserve and Trump
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Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented,
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
Rather than owning up to the insult he hurled at the Fed chair just last week, the president slunk away without a word.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.