Fed, Trump and interest rates
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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.
As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters
The week was a whirlwind of news, with former President Donald Trump at the center of several controversial stories. From his criticism of Federal Reserve Chair Jerome Powell to the discovery of his name in the late financier Jeffrey Epstein’s files,
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GZERO Media on MSNWhy is Trump threatening the Fed, and why does it matter?On Thursday afternoon, just before golden hour, President Donald Trump threw a white hardhat over his flaxen coif and strode into the Federal Reserve building on Constitution Avenue.
Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.
Federal Reserve Chair Jerome Powell intends to ignore Donald Trump’s constant calls for him to resign, believing that doing so would damage the independence of the U.S. central bank, according to a new report.
The Federal Reserve won’t lower interest rates on Wednesday, analysts say, but markets are watching for any signs that cuts may start in September. This week’s meeting comes as President Donald Trump ramps up his attacks on Fed Chair Jerome Powell for keeping the central bank's influential interest rate high.