Jerome Powell, Trump and interest rate
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President Donald Trump’s attempt to shame Federal Reserve Board of Governors chair Jerome Powell over the cost of a long-running renovation to the central bank’s Washington headquarters went horribly wrong on Thursday when Powell had a ready response for the president’s accusations during a tour of the construction site.
4don MSN
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest escalation in GOP scrutiny of the central bank’s spending and leadership.
The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
5don MSN
Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. The project has become an increasingly unpleasant headache for the embattled chair of the Fed,