Tag #Federal Reserve

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pt.euronews.com

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Jul 25, 22:12

Trump Threatens Powell Amidst Federal Reserve Renovation Cost Dispute

President Trump publicly criticized the $3.1 billion cost of the Federal Reserve building renovation, threatening to fire Chairman Jerome Powell, which was later revealed to be a miscalculation due to a bookkeeping error that mistakenly included a previously completed project.

Trump Threatens Powell Amidst Federal Reserve Renovation Cost Dispute

President Trump publicly criticized the $3.1 billion cost of the Federal Reserve building renovation, threatening to fire Chairman Jerome Powell, which was later revealed to be a miscalculation due to a bookkeeping error that mistakenly included a previously completed project.

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What are the immediate implications of President Trump's public criticism of the Federal Reserve building renovation costs and his threat to fire Chairman Powell?

President Trump's suggestion to fire Federal Reserve Chairman Jerome Powell due to rising construction costs of the Federal Reserve building renovation highlights the strained relationship between the executive and the central bank. The renovation's cost has escalated to $3.1 billion, a figure disputed by Powell, who stated he hadn't seen such a number. This incident underscores the ongoing tension between Trump's desire for lower interest rates and Powell's focus on inflation.

cbsnews.com

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Jul 25, 04:12

Trump-Powell Interest Rate Dispute: Legal Uncertainty and Economic Concerns

House Speaker Mike Johnson commented on President Trump's criticism of Federal Reserve Chair Jerome Powell's interest rate policies, expressing uncertainty about the legal implications of firing him; the current benchmark rate is 4.25% to 4.5%, and Trump believes lowering them would boost economic g...

Trump-Powell Interest Rate Dispute: Legal Uncertainty and Economic Concerns

House Speaker Mike Johnson commented on President Trump's criticism of Federal Reserve Chair Jerome Powell's interest rate policies, expressing uncertainty about the legal implications of firing him; the current benchmark rate is 4.25% to 4.5%, and Trump believes lowering them would boost economic g...

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What are the long-term implications of this conflict for the Federal Reserve's independence and the stability of the US economy?

The situation reveals potential challenges to the Fed's independence and the complexities of balancing economic growth with inflation control. Johnson's suggestion of lowering rates to address the housing crisis suggests a political pressure to prioritize short-term solutions over long-term stability. The upcoming 2024 election might further exacerbate this tension.

lexpress.fr

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Jul 25, 04:11

Trump Disputes Construction Costs, Renews Pressure on Fed Chairman Powell

During a visit to a Washington construction site, President Trump publicly challenged Federal Reserve Chairman Jerome Powell over renovation costs, differing by $400 million due to an additional building, while reiterating his desire for lower interest rates; Powell countered, asserting the addition...

Trump Disputes Construction Costs, Renews Pressure on Fed Chairman Powell

During a visit to a Washington construction site, President Trump publicly challenged Federal Reserve Chairman Jerome Powell over renovation costs, differing by $400 million due to an additional building, while reiterating his desire for lower interest rates; Powell countered, asserting the addition...

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How does President Trump's pressure on the Federal Reserve regarding interest rates reflect his broader economic policy goals, and what are the potential consequences of his approach?

President Trump's disagreement over the construction costs highlights his ongoing tension with Federal Reserve Chairman Jerome Powell, whom he has repeatedly criticized for maintaining interest rates. Trump's pressure for lower rates reflects his desire to stimulate the economy, despite the risk of increased inflation.

npr.org

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Jul 25, 01:14

Trump Criticizes Fed Chair Powell Over High Interest Rates and Housing Costs

President Trump is criticizing Federal Reserve Chairman Jerome Powell for high interest rates, which Trump blames for high home prices; economist Robert Reich explains that while lower rates might initially lower home prices, it could harm the Fed's credibility and cause rates to rise.

Trump Criticizes Fed Chair Powell Over High Interest Rates and Housing Costs

President Trump is criticizing Federal Reserve Chairman Jerome Powell for high interest rates, which Trump blames for high home prices; economist Robert Reich explains that while lower rates might initially lower home prices, it could harm the Fed's credibility and cause rates to rise.

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What alternative strategies could the White House implement to improve housing affordability beyond pressuring the Fed to lower interest rates?

The Fed's independence is crucial in managing inflation; yielding to political pressure could undermine its credibility and potentially lead to higher, not lower, mortgage rates due to investor uncertainty. Lowering rates solely to boost home sales could also inflate housing prices further without increasing supply.

theguardian.com

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Jul 25, 01:14

Trump Pressures Powell on Rates, Renovation Costs at Fed Visit

During a visit to the Federal Reserve, President Trump publicly pressured Chairman Jerome Powell to cut interest rates and criticized a $2.5 billion renovation project, a figure he claimed had risen to $3.1 billion, which Powell denied. The visit comes ahead of a Fed meeting where interest rates are...

Trump Pressures Powell on Rates, Renovation Costs at Fed Visit

During a visit to the Federal Reserve, President Trump publicly pressured Chairman Jerome Powell to cut interest rates and criticized a $2.5 billion renovation project, a figure he claimed had risen to $3.1 billion, which Powell denied. The visit comes ahead of a Fed meeting where interest rates are...

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What are the potential long-term implications of political pressure on the Federal Reserve's independence and its impact on economic policy decisions?

Trump's visit and public statements may impact investor confidence and market stability. His softened threat to fire Powell, while still pressuring for rate cuts, creates uncertainty about the Fed's independence. Future rate decisions will be heavily scrutinized in light of this direct political pressure.

foxnews.com

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Jul 24, 13:15

High U.S. Debt Hinders Trump's Low-Interest-Rate Goal

Despite strong June retail sales (up 0.6%) and record stock market highs, the U.S.'s $37 trillion debt, costing over $1 trillion annually in interest (exceeding defense spending), is hindering President Trump's efforts to lower interest rates; this is complicated by recent debt downgrades and global...

High U.S. Debt Hinders Trump's Low-Interest-Rate Goal

Despite strong June retail sales (up 0.6%) and record stock market highs, the U.S.'s $37 trillion debt, costing over $1 trillion annually in interest (exceeding defense spending), is hindering President Trump's efforts to lower interest rates; this is complicated by recent debt downgrades and global...

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What factors contribute to the rising cost of U.S. debt financing, and what role do global central banks play?

The current economic strength contrasts sharply with the U.S.'s unsustainable fiscal position. High deficits, exceeding those seen during wartime or recessions, necessitate substantial debt refinancing annually (over $9 trillion this year). This massive debt load increases borrowing costs, creating a vicious cycle of higher deficits and interest rates. Global central banks' reduced buying of U.S. Treasuries further exacerbates this issue, increasing demand for higher yields from investors.

bbc.com

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Jul 25, 10:17

Trump, Powell Clash Over Interest Rates, Renovation Costs

During a visit to a Washington, D.C. renovation project, President Trump and Federal Reserve Chairman Jerome Powell publicly clashed over the project's cost and the ongoing disagreement over interest rates, reflecting broader tensions over economic policy.

Trump, Powell Clash Over Interest Rates, Renovation Costs

During a visit to a Washington, D.C. renovation project, President Trump and Federal Reserve Chairman Jerome Powell publicly clashed over the project's cost and the ongoing disagreement over interest rates, reflecting broader tensions over economic policy.

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How do President Trump's tariffs influence Chairman Powell's decisions regarding interest rates?

Their dispute highlights a broader conflict over economic policy. Trump repeatedly urges Powell to lower interest rates, citing the need to boost the economy. Powell, however, expresses concern about inflationary pressures resulting from Trump's tariffs, suggesting that without them, rate cuts would already have occurred.

smh.com.au

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Jul 25, 04:12

Trump Publicly Attacks Fed Chair Powell During Building Renovation Inspection

During a visit to the Federal Reserve, President Trump publicly criticized Chairman Jerome Powell, falsely inflating renovation costs and continuing his months-long campaign to pressure the Fed to lower interest rates. This action demonstrates Trump's continued disregard for institutional norms and ...

Trump Publicly Attacks Fed Chair Powell During Building Renovation Inspection

During a visit to the Federal Reserve, President Trump publicly criticized Chairman Jerome Powell, falsely inflating renovation costs and continuing his months-long campaign to pressure the Fed to lower interest rates. This action demonstrates Trump's continued disregard for institutional norms and ...

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How does Trump's public attack on Jerome Powell impact the Federal Reserve's credibility and its ability to conduct monetary policy?

Donald Trump visited Federal Reserve Chairman Jerome Powell, ostensibly to inspect a building renovation. Trump, who has repeatedly criticized Powell for not lowering interest rates, used the visit as an opportunity to publicly berate Powell and falsely inflate the renovation costs. Trump's actions demonstrate a pattern of public humiliation of those who disagree with him.

cbsnews.com

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Jul 25, 01:14

Trump-Powell Interest Rate Dispute: Legal Uncertainty and Economic Concerns

House Speaker Mike Johnson commented on President Trump's criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates enough, expressing uncertainty about the legality of firing him; the Fed's benchmark rate remains at 4.25% to 4.5% due to inflation concerns and uncertainty from...

Trump-Powell Interest Rate Dispute: Legal Uncertainty and Economic Concerns

House Speaker Mike Johnson commented on President Trump's criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates enough, expressing uncertainty about the legality of firing him; the Fed's benchmark rate remains at 4.25% to 4.5% due to inflation concerns and uncertainty from...

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What are the potential long-term implications of political pressure on the Federal Reserve's independence in setting monetary policy?

The ongoing debate may influence future Fed appointments and policy decisions. Johnson's comments suggest potential challenges for Powell's second term, ending in May 2026, given the political pressures. The housing affordability crisis, mentioned by Johnson as a potential reason for lowering interest rates, could become a significant factor in future monetary policy debates.

npr.org

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Jul 25, 01:14

Trump Disputes Fed Renovation Cost, Underscoring Pressure on Powell

President Trump's Thursday visit to the Federal Reserve involved a public disagreement with Chairman Jerome Powell over the renovation cost, which Trump claimed was \$3.1 billion, versus Powell's figure of \$2.5 billion; the discrepancy arose from a separate building's cost, highlighting Trump's ong...

Trump Disputes Fed Renovation Cost, Underscoring Pressure on Powell

President Trump's Thursday visit to the Federal Reserve involved a public disagreement with Chairman Jerome Powell over the renovation cost, which Trump claimed was \$3.1 billion, versus Powell's figure of \$2.5 billion; the discrepancy arose from a separate building's cost, highlighting Trump's ong...

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How does Trump's visit and public dispute with Powell connect to his broader attempts to influence the Fed's interest rate policy?

Trump's public disagreement with Powell regarding the renovation cost underscores his broader efforts to influence the Fed's monetary policy. The discrepancy in cost figures reflects differing interpretations of the project's accounting. The visit itself is unprecedented in recent history, potentially eroding the Fed's traditional independence.

theglobeandmail.com

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Jul 24, 19:14

Fed Faces Pressure Amidst Loose Financial Conditions

Amidst political pressure to cut interest rates, the Federal Reserve maintains loose U.S. financial conditions, with indexes indicating ample financing despite above-target inflation; however, high government borrowing costs and a strong wealth effect complicate the situation.

Fed Faces Pressure Amidst Loose Financial Conditions

Amidst political pressure to cut interest rates, the Federal Reserve maintains loose U.S. financial conditions, with indexes indicating ample financing despite above-target inflation; however, high government borrowing costs and a strong wealth effect complicate the situation.

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What is the current state of U.S. financial conditions, and how does it contrast with political pressure on the Federal Reserve to lower interest rates?

Despite political pressure, the Federal Reserve is maintaining relatively loose financial conditions in the U.S. economy, as indicated by the Chicago Fed's national index reaching a three-year low. This suggests ample financing despite above-target inflation and a low jobless rate.

elmundo.es

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Jul 24, 10:13

Trump to Visit Federal Reserve Amidst Chairman Powell Dispute

President Trump will visit the Federal Reserve on Thursday, escalating his conflict with Chairman Jerome Powell over interest rates and the Fed's $2.5 billion renovation. This follows accusations of mismanagement and threats of congressional investigation, with Trump seeking Powell's resignation and...

Trump to Visit Federal Reserve Amidst Chairman Powell Dispute

President Trump will visit the Federal Reserve on Thursday, escalating his conflict with Chairman Jerome Powell over interest rates and the Fed's $2.5 billion renovation. This follows accusations of mismanagement and threats of congressional investigation, with Trump seeking Powell's resignation and...

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How does the controversy surrounding the Federal Reserve's renovation costs relate to the broader political pressures on Chairman Powell?

Trump's visit to the Federal Reserve follows a campaign to pressure Powell into lowering interest rates and accepting the administration's trade policies. This pressure involves accusations of mismanagement and threats of congressional investigation, highlighting a conflict between the executive and an independent institution. The visit underscores the politicization of the Federal Reserve's role.

Showing 277 to 288 of 918 results