Trump, Jerome Powell and Federal Reserve
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Two of President Donald Trump's contenders to succeed Chair Jerome Powell are increasing their alignment with the president in hopes to secure the nomination.
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Mediaite on MSNElizabeth Warren Tells CNN Trump ‘Will Bring Down US Financial Markets’ If He Ousts PowellSenator Elizabeth Warren (D-MA) warned that President Donald Trump “will bring down the U.S. financial markets” if he ousts Federal Reserve Chair Jerome Powell — whom Trump appointed to the post. Trump has habitually attacked Powell and constantly pressured him to lower interest rates.
Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell — a move economists say would shake global markets and could unleash economic chaos. Plus, Trump directly attacks his own base over the Epstein backlash.
Stocks had been rising modestly in the morning, before news reports saying that Trump was likely to fire the Fed chief, which quickly sent the the S&P 500 down by 0.7%. When later
Director of the Federal Housing Finance Agency Bill Pulte discusses President Donald Trump's attacks on Fed Chair Jerome Powell on 'The Ingraham Angle.'