Trump, Jerome Powell and lower rates
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The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
U.S. stock indexes slide on renewed trade tensions following President Trump's announcement of tariffs on Canada and the EU. Investors are wary of potential volatility as major companies report earnings.
During a White House briefing, press secretary Karoline Leavitt brandished a sheet of paper listing global central bank rates with President Trump’s message scrawled across.
Stocks have hit new highs despite President Trump’s escalating trade war. Some traders may be calling his bluff, but Jamie Dimon of JPMorgan Chase advises caution.
The White House is escalating its pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’s head
President Trump is putting pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, and has been critical of the Fed's $2.5 billion office renovation.
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