Trump, Federal Reserve and Powell
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The university is expected to pay a multimillion-dollar settlement to victims of alleged civil rights violations and implement changes to its diversity, equity and inclusion policies.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
The Texas Tribune on MSN21h
Trump defends federal government’s response to Hill Country floods during Texas visitThe president met with state and local officials, who praised the White House response, and lashed out at a question on whether aid and rescue efforts occurred fast enough.
A judge has temporarily blocked federal agencies from conducting immigration enforcement raids in L.A. that have shocked the nation in recent weeks.
The White House’s latest criticism of Fed Chair Jerome Powell, over building renovations, marks a broader push by President Trump to exert pressure on the independent central bank. In a response to Fortune,
President Trump defended his administration's response to the Texas Hill Country flooding after surveying the damage and meeting with victims' families on Friday in Kerrville. The big picture: The president's visit comes amid questions about the federal response to the flooding,
Cryptopolitan on MSN1d
Jerome Powell agrees to resign as Fed Chair after sustained pressureJerome Powell has agreed to step down as chair of the Federal Reserve following relentless attacks from President Trump and his inner circle, according to a statement released by Billy Pulte, the current head of the U.
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