Trump, Powell and interest rates
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Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
With all the crosscurrents, the responsible solution is for policymakers to wait for more evidence, and that’s exactly what the Fed is doing under Powell’s stewardship,” Levin
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24/7 Wall St. on MSNPowell Won't Give Trump What He WantsSo Powell, head of the Federal Reserve, Donald Trump is doing everything he can to get the guy out because Donald Trump wants to see interest rates come down faster because he thinks it, you know, it’s good for the economy.
Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.
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Explícame on MSNTrump cannot fire Powell over interest rate disagreements, but there's a possibilityThe relationship between President Donald Trump and Federal Reserve Chair Jerome Powell has been fraught with tension, primarily due to Trump's criticism of the Fed's monetary policy.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.