Powell should resign to maintain Fed's independence
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Federal Reserve Banking Conference Avoids Powell Drama
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The letter surfaced as President Donald Trump has bludgeoned the Federal Reserve chairman Powell with criticism over his refusal to cut interest rates.
Besieged Federal Reserve Chairman Jerome Powell should resign, Mohamed El-Erian, former Pimco CEO and current president of Queen’s College at Cambridge, tweeted on Tuesday, becoming one of the first mainstream market commentators to do so.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent told CNBC on Monday. Bessent’s comments come as Donald Trump and his lieutenants have sharply criticised the Fed and its chair Jay Powell for refraining to cut borrowing costs this year.
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Benzinga on MSNTrump’s Threat to Fire Powell Risks Undermining Fed Independence, Destabilizing MarketsPresident Donald Trump’s renewed threats to remove Federal Reserve Chair Jerome Powell are intensifying legal and economic uncertainty, according to CNBC. Legal experts say Trump lacks clear authority to remove the Fed chair without cause,