Source link : https://las-vegas.news/5-takeaways-from-trumps-go-to-to-the-federal-reserve/
President Trump on Thursday visited the Federal Reserve headquarters alongside Chair Jerome Powell to tour a serious renovation happening there, a undertaking he and his administration have criticized as being over price range.
Powell has drawn Trump’s ire over the central financial institution’s choice to maintain rates of interest the place they’re, citing financial uncertainty. Trump’s go to to the ability included a uncommon public look of the president and Powell collectively, sporting white arduous hats whereas they walked across the building website.
Trump notably backed off the notion of firing Powell, whom he appointed in 2017, however stored up the strain of wanting rates of interest lowered to make borrowing extra inexpensive.
Listed below are 5 takeaways from the go to.
Trump backs off strain on Powell
Trump has for months teased the opportunity of firing Powell, which may run into a bunch of authorized points if he does so with out trigger. On Thursday, he backed off that notion considerably, saying there was “no pressure” on Powell to step down from his position earlier than his time period is up in Could, arguing that he thinks the chair will decrease rates of interest finally.
“No, there’s no pressure. We want to have — you know his term comes up soon. I think he’s going to do the right thing. Everybody knows what the right thing is,” Trump stated, referring to decreasing rates of interest.
When requested why he wouldn’t hearth…
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Author : LasVegasNews
Publish date : 2025-07-25 00:02:00
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