Trump, Federal Reserve and interest rates
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Aside from interest rates, the president and Powell are also not on the same page about the Federal Reserve renovation costs and inflation.
Even after reiterating his frustration with the central bank, Trump called the notion of firing Powell a "big move" that would not be "necessary." It marked the first official tri
President Donald Trump on Thursday visited the Federal Reserve building to tour its renovations as he pushes the agency to cut interest rates. Trump was joined by Federal Reserve Chairman Jerome Powell and stood in the middle of the ongoing renovations during a press conference.
President Trump argues that the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.
The Fed has held its benchmark interest rate between 4.25% and 4.5% this year, though officials have penciled in two cuts by year-end.
It’s not the Nantucket Summer Garden Tour.Yet a gaggle of White House officials and other GOP leaders led by President Donald Trump headed over to the Federal Reserve campus this week. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵They're checking out a $2.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.