Well on one hand POTUS wants the lowering of interest rates but on the other hand, he started his own campaign which caused inflation to rise and hence diminishing any prospects of lowering interest rates. Well-done.
Trump Escalates Attack on Powell, as Questions About Fed Chair Transition Continue
President Donald Trump continued his pressure campaign on the Federal Reserve on Thursday, signaling his support for the investigation of the central bank's chair, Jerome Powell.Trump's remarks, however, could escalate the legal feud that is threatening to derail the confirmation of his chosen successor for Fed chair and extend Powell's tenure well beyond its scheduled end.Powell said Wednesday he won't leave the Fed until the Justice Department's investigation of him is over, and a continuation of the probe could also have a negative domino effect for Trump's nominee for Fed chair, Kevin Warsh.Speaking during an Oval Office news conference Thursday, Trump lambasted Powell and again alleged criminal wrongdoing in the costly renovation of the Fed's Washington headquarters, which is at the heart of the Justice Department's investigation into Powell and the central bank.But Trump made it clear Thursday he has no intention of backing down from his campaign to discredit Powell, whom he has
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