Trump Says Not Necessary to Fire Powell After Getting Fed Tour
In a visit to the Federal Reserve, former President Donald Trump downplayed his previous disagreements with Fed Chairman Jerome Powell. Trump acknowledged that the issue of lower interest rates was more pressing than the cost overruns of the Fed's renovation project. Despite his past criticisms of Powell, Trump indicated that he did not see a need to remove him from his position. The article suggests that Trump's stance on the Federal Reserve has shifted, focusing more on the need for lower interest rates rather than personnel changes at the central bank. This visit highlights the ongoing tension between the executive branch and the independent Federal Reserve, as the president seeks to influence monetary policy decisions.
Source: For the complete article, please visit the original source link below.
