Powell meets with Trump as president bashes Fed over interest rates
Share this @internewscast.com


President Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House, amid ongoing criticism from the president over the central bank has opted to hold interest rates steady.

The president invited Powell to meet with him, according to a statement from the Fed, to “discuss economic developments including for growth, employment, and inflation.”

Powell didn’t discuss his expectations for monetary policy but stressed “that the path of policy will depend entirely on incoming economic information and what that means for the outlook,” the central bank said.

Trump has repeatedly bashed Powell, who he first appointed in 2017, while he has bucked calls from the president to lower borrowing costs.

Trump has called the chair “Too Late” and a “fool,” while Powell has defended not reducing rates as the Fed waits to see how the president’s whipsaw trade policies and tax cut plans affect a sturdy U.S. economy.

Trump’s frustration with Powell over interest rates seemingly came to a head last month, with some questioning whether the White House would try to oust him. But the president later dispelled that notion, saying he had no intentions of firing the Fed leader.

Others in the administration have also bashed Powell, including Vice President Vance, who recently called him a “nice guy” who has been “wrong about almost everything.” 

Share this @internewscast.com
You May Also Like

NASA Aims to Construct a Lunar Nuclear Reactor: Legal Insights

(The Conversation) – The initial space race focused on national pride and…

KCK Police Seek Help Locating Missing, ‘At-Risk’ 22-Year-Old Woman

KANSAS CITY, Mo. — An investigation is underway after a 22-year-old woman…

Covenant Presbyterian Church Launches Inclusive New Playground

AUGUSTA, Ga () – Covenant Presbyterian Church holding a special playground dedication…

Beaufort Memorial Hospital Gains National Accolades

BEAUFORT, S.C. () — The Beaufort Memorial Hospital has received two national…

BREAKING: Skull Discovered in West Valley Pond Identified as Missing Fisherman from 2017

WEST VALLEY CITY, Utah (ABC4) November 20th, 2017.  That was the last…

4 Observations Casinos Made During the Las Vegas Tourism Slump

LAS VEGAS (KLAS) Concerns about the Las Vegas economy specifically, slow business…

Suspect detained in Mexico for abduction and murder of New Mexico teenager

EL PASO, Texas (KTSM) — A 21-year-old man has been arrested by…

As Pandemic Babies Begin School, Teachers Examine COVID’s Effects

(The Hill) – Children born during the peak of the COVID-19 pandemic…

Tropical Storm Henriette Gains Strength in the Pacific Without Land Threat

HILO, Hawaii – Tropical Storm Henriette is gaining strength in the central…

Trio Apprehended After Chase in Glynn County

GLYNN COUNTY, Ga. () — Three people have been arrested after a…

Official: Trump Considers Sending National Guard to Washington DC

President Donald Trump pledged on Sunday to evict homeless people from the…

Los Angeles Nurse Freed from ICE Detention Without Charges

(KTLA) A Los Angeles nurse and community activist whose arrest drew protests and…