Fed, Trump and Jerome Powell
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Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.
Two of President Donald Trump's contenders to succeed Federal Reserve Chair Jerome Powell are increasing their alignment with the president in hopes to secure the nomination.
Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell — a move economists say would shake global markets and could unleash economic chaos. Plus, Trump directly attacks his own base over the Epstein backlash.
Stocks had been rising modestly in the morning, before news reports saying that Trump was likely to fire the Fed chief, which quickly sent the the S&P 500 down by 0.7%. When later
Director of the Federal Housing Finance Agency Bill Pulte discusses President Donald Trump's attacks on Fed Chair Jerome Powell on 'The Ingraham Angle.'