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Powell, Fed and Trump
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William Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, said on July 11, “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”
President Donald Trump has frequently voiced dissatisfaction with the Fed’s “wait-and-see" approach to lowering interest rates under Powell.
18hon MSN
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
The president’s attacks on the independence of the Federal Reserve could further harm the dollar’s status as the preeminent international reserve currency, making credit dearer rather than cheaper.
Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.
LAS VEGAS — In the wake of the Los Angeles Clippers trading him ahead of a possible extension, and in light of the Clippers effectively swapping him out for the less-playoff-proven option of John Collins, Norman Powell had plenty to say about detractors upon his arrival to the Miami Heat.
Wakefield Trinity's Daryl Powell says comments made by Hull FC counterpart John Cartwright at half-time influenced the referee.
The nonprofit purchased the plant for $11 million to create a space for people with invisible disabilities. “When we say invisible disabilities think things like autism, PTSD, epilepsy, dementia,” Sease said.
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