Fed, Powell and White House
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Barron’s spoke with Tobin Marcus, head of U.S. policy and politics with Wolfe Research and a former White House advisor during the Obama era, about what could unfold if Trump follows through on such a move. An edited version of our conversation is below.
Federal Reserve Chair Jerome Powell on Thursdayresponded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,
Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.
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Stocktwits on MSNPowell Says Fed HQ Renovation Aligns With Plan After Trump’s White House Alleges ‘Lavishness’Federal Reserve Chairman Jerome Powell on Thursday vigorously defended the spending toward the renovation of the central bank’s Washington, D.C. headquarters. Replying to a letter sent by White House Office of Management and Budget (OMB) Director Russell Vought last week,
Federal Reserve chair Jerome Powell responded to a pointed letter from the Trump administration on Thursday, offering the central bank's strongest defense to date in attacks over its building renovations.
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Investor's Business Daily on MSNTrump 'Likely To Fire Fed Chief Powell 'Soon,' Says White House Official; S&P 500 FallsPresident Donald Trump is "likely" to fire Fed chief Jerome Powell "soon," a senior White House official told CNBC. The S&P 500 fell.
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.
For about an hour on Wednesday, it seemed as though President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Before Trump denied the reports, the yield on the 10-year Treasury note climbed by about 5 basis points,