The Justice Department has subpoenaed the Fed over chair Jerome Powell’s testimony over the central bank’s headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
Jerome Powell
Posted inNPR
Trump visits Federal Reserve and tussles with Jerome Powell in extraordinary moment
President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with Powell about the final cost of the project in an extraordinary moment.
Posted inNPR
President Trump indicates he’ll let Fed Chair Jerome Powell serve out his term
President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. His comment comes as he and his administration continue to attack Powell.
Posted inNPR
The Fed holds rates steady, sees only one rate cut in 2024 as inflation cools slowly
The Federal Reserve held interest rates steady while signaling it can cut rates only once this year. The decision came after data earlier showed inflation cooling slightly.
