Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.
Trump hasn’t even been sworn into office yet and he’s already locking horns with Fed chair Jerome Powell on interest rates. They're both right, underscoring the Catch-22 facing the central bank and the U.
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump. - Trump's 'demands' lower rates - Trump has frequently criticized the Fed,
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
"I think I know interest rates much better than they do, and I think I know it certainly much better than the one who's primarily in charge of making that decision," Trump says
Donald Trump and Federal Reserve Chair Jay Powell could be on a collision course in 2025. At a Jan. 7 press conference, Trump said "inflation is still raging, and interest rates are far too high."
U.S. Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by President Donald Trump that are likely to shape the economy this year,
WASHINGTON: Donald Trump has called for an immediate reduction in interest rates, claiming that he understands monetary policy better than those responsible for setting it, even as the
Trump’s remarks come five days before the Fed’s first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.
President Donald Trump questioned Federal Reserve Chair Jerome Powell’s decision making on interest rates and said he planned to speak to the central bank chief “at the right time.”Most Read from BloombergWhat Happened to Hanging Out on the Street?
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.