Fed, Trump and Powell
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The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chairman of the Federal Reserve.
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell — a move economists say would shake global markets and could unleash economic chaos. Plus, Trump directly attacks his own base over the Epstein backlash.
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
Stocks had been rising modestly in the morning, before news reports saying that Trump was likely to fire the Fed chief, which quickly sent the the S&P 500 down by 0.7%. When later
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