Trump Targets Fed Chair Powell Amid Economic Turmoil and Supreme Court Case
Donald Trump intensifies criticism of Federal Reserve Chair Jerome Powell while the Supreme Court reviews his firing authority over independent agencies.
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Still, markets may believe Fed officials will be more likely to trim rates sooner after Trump’s outburst, he said.
Trump's criticism of Fed chief Powell has long history but latest could be most damaging
USA TODAY·2d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Regardless, the leading contender to lead the US central bank under Trump, whether at the end of Powell’s term in May 2026 or earlier, reportedly appears to be Kevin Warsh, a former Fed governor who previously was under consideration to be Trump’s Treasury secretary for the president’s second term and was a candidate for the top job at the Fed during Trump’s first term.
Trump wants to fire Fed Chair Powell. Kevin Warsh may be the one to replace him | Business
CNN·2d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.Most economists worry that an assault on the Fed’s longstanding independence from politics would further disrupt markets and add to the uncertainty enveloping the economy.
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
Associated Press·2d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
If we at the Breitbart Business Digest are right about this, Congress has a lot more authority to provide (read: guarantee) a fixed term for the Fed chairman than for other agency heads.
Business Digest: Can Trump Actually Remove Jerome Powell as Fed Chair?
Breitbart News·2d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Summary
Donald Trump escalates attacks on Federal Reserve Chair Jerome Powell, suggesting he could fire him amid economic instability. Experts warn of potential damage to the Fed's independence, vital for managing inflation and economic health. Trump's past actions raise questions about presidential influence over the Fed, especially as the Supreme Court considers cases related to presidential authority over independent agencies. Experts caution that political pressure on the Fed could disrupt economic predictions and decisions, complicating its mission of balancing inflation and growth.
Perspectives
Trump's attacks on Jerome Powell illustrate a significant threat to the Federal Reserve's independence, which is crucial for effective monetary policy.
The relationship between Trump's tariff strategy and inflation complicates the Fed's ability to manage economic growth while controlling price stability.
Market reactions indicate that any political maneuvering regarding Powell's position could destabilize investor confidence and financial markets.
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