Trump, Powell and Federal Reserve
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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.
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Trump argues with Fed Chairman then says he'd fire himPresident Trump is again clashing with Fed Chairman Jerome Powell in a face-to-face argument about interest rates and a hugely expensive renovation project at the Fed Headquarters.
Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the president.
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The court signaled again that it believes the president has the power to fire the leaders of agencies and commissions that Congress said were independent.
Fed staff told reporters that it would have been less expensive to just build a new building rather than restore the two historic properties.
A breakthrough in talks on a cease-fire deal between Israel and Hamas has eluded the Trump administration for months as conditions worsen in Gaza.
The dispute over the State, Private and Tribal Forestry funding could leave the Washington Natural Resources Department without $20 million in expected funding for its firefighting efforts. According to Whitney, if the funds aren’t released, it would impact the state agency’s 2026 budget.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.