Trump Renews Powell Feud Over Rate Decision, Fed Renovation
President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell following the central bank's decision not to cut interest rates. Trump has long been at odds with Powell over the Fed's rate decisions, and this latest incident marks a continuation of their ongoing feud. The president has been vocal in his disapproval of the Fed's policies, arguing that they have hindered economic growth. However, the central bank has maintained that its decisions are based on economic data and not political considerations. While the relationship between Trump and Powell has been strained, the article suggests that a short-lived détente had occurred prior to this latest development. The renewed criticism from the president underscores the ongoing tension between the White House and the Fed, as the administration seeks to shape the central bank's policies to align with its own economic agenda.
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