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Federal Reserve Chair Jerome Powell is smack in the middle of one of President Donald Trump’s preferred attack strategies — flooding the zone.
Trump escalates pressure on the Fed with a high-profile visit, signals retreat from firing Powell while pushing for rate cuts, using his trademark 'flood-the-zone' strategy ...
Trump, who for months has hammered Powell for being slow to cut rates, toured the Fed’s controversial $2.5 billion building project with the embattled central banker on Thursday.
Trump’s reluctant approval comes as a reversal of sorts, after Office of Management and Budget Director Russell Vought sent a letter to Powell about the Fed’s renovation project and claimed ...
More recently, Trump and top advisers at the White House have identified the issue of the Fed’s renovation project as a point of vulnerability for Powell. Trump said last week he believed the $2 ...
Powell Pushes Back On Trump’s Cost Claims During Awkward Tour Of Fed Building By Sara Dorn, Forbes Staff. Sara Dorn is a Forbes news reporter who covers politics.
The successor to the first stock market index is getting up there with the S&P 500 and the Nasdaq Composite in all-time-high territory.
Wearing hard hats and grim faces, standing in the middle of the construction project, Trump and Powell addressed the cameras. Trump charged that the renovation would cost $3.1 billion, much higher ...
Powell is facing intensifying pressure to cut rates, alongside threats to his position from the Trump administration. Markets expect a full percentage point of cuts by the end of 2026.
Nevertheless, Powell ordered the Fed’s inspector general to review the project for a second time. This story has been updated with additional information. The-CNN-Wire ...
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