Fed, Trump and Jerome Powell
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Axios on MSNGOP senators start turning against PowellSen. Bernie Moreno is recruiting more GOP senators for his pressure campaign to force Federal Reserve Chair Jerome Powell to resign. Why it matters: Powell has resisted calls from President Trump to leave his post early,
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.
Colombian-born Senator Bernie Moreno is leading the Republican offensive to force Federal Reserve Chair Jerome Powell to resign. Here is the story.
The Senate has reconvened to debate codifying DOGE spending cuts as the deadline to act on the White House priority looms and President Donald Trump continues pushing his agenda. Follow for live updates.
5don MSN
Office of Management and Budget Director Russell Vought accused Federal Reserve Chair Jerome Powell on Thursday of an “ostentatious” overhaul of the independent agency’s fiscal headquarters amid an increasingly aggressive campaign by President Trump to get Powell to step down from the job.
President Trump and his lieutenants have been bullying Federal Reserve Chair Jerome Powell for months over the Fed's reluctance to lower interest rates. But even if that campaign is successful, the president may not really get what he wants.
The House has already approved Trump’s request on a mostly party line 214-212 vote. The Senate has little time to spare to beat the deadline for the president’s signature. Another House vote will be needed if senators amend the legislation, adding more uncertainty to the outcome.