Treasury SecretaryScott Bessent told the president that ousting JeromePowell entailed risks, including possible effects on the economy and potential legal and political obstacles ... .
U.S. PresidentDonald Trump might face an increase of nearly $60 billion (around £44 billion) in interest costs if he opts to oust Federal Reserve chair JeromePowell, analysts caution ... monetary policy, including setting interest rates.
Trump has launched a barrage of nearly daily criticism at Fed ChairJeromePowell over the central bank’s reluctance to cut rates due to concern the administration’s trade and tariff policies will increase inflation.
Federal ReserveChairJeromePowell pushed back on GOP criticisms this week regarding renovation costs for two buildings in Washington, suggesting the upgrades are overdue ... Federal Reserve Chair Jerome ...