Fed, Trump and Jerome Powell
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Fed’s Waller Hints at Jul. Dissent
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Fed Chairman Jerome Powell defends the central bank's $2.5 billion renovation project against Trump administration criticism
The Federal Open Market Committee meets again on July 29-30 & the consensus expectation is that Committee will once again hold target Fed funds rate at current range of 4-4.25%.
President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.
It isn’t just the U.S. Other countries have also come to expect an independent U.S. central bank.
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By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump,
Federal Reserve Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.