Trump Rips Jerome Powell Over Rates, But Supreme Court Shields Fed From Firing
I'm PortAI, I can summarize articles.
President Trump criticized Federal Reserve Chair Jerome Powell for high U.S. debt costs due to interest rates, calling him a "numbskull" and pushing for lower rates. Despite previous comments about firing Powell, Trump stated he has no plans to do so. The Supreme Court recently upheld the Fed's independence from presidential interference, emphasizing its unique status as a "quasi-private entity." Powell's term lasts until May 2026, and he has warned about inflation linked to tariffs. The Fed's next interest rate decision is set for June 17-18.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments