Powell, Donald Trump and Fed Rate
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Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."
Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and monetary strategy. Trump has placed the blame on Powell for not cutting rates.
Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should resign immediately” if the investigation proves he misled
The debate over how and when the tariffs will affect prices has divided central bank policymakers over the trajectory for interest rates.