Fed, Donald Trump and Jerome Powell
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31mon MSN
Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
Inflation has fallen sharply and as a result Fed officials have signaled they will cut rates by as much as a half-percentage point this year. Yet it has picked up a bit in the last two months and many of those policymakers, including Powell, still want to make sure that tariffs aren’t going to lift inflation much higher before they make a move.
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at this week's monetary policy meeting.
4don MSN
Maddow Blog | Trump struggles with facts as Fed Chair Jerome Powell corrects him in real time
Donald Trump is rarely fact-checked by his own appointees on camera. Federal Reserve Chairman Jerome Powell did it anyway.
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
Rather than owning up to the insult he hurled at the Fed chair just last week, the president slunk away without a word.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
President Trump is again clashing with Fed Chairman Jerome Powell in a face-to-face argument about interest rates and a hugely expensive renovation project at the Fed Headquarters.