Trump urges Fed chairman Jerome Powell to lower rates following poor hiring figures
Private Sector Employment Falls Short of Expectations Employment numbers in the private sector showed unexpected weakness on Wednesday. According to data from ADP, private employers added only 37,000 jobs in May, marking the lowest level since March 2023. This figure is notably down from a revised count of 60,000 jobs in April and falls short […]
Jerome Powell intends to reduce central bank employees by 10% in recognition of Elon Musk’s DOGE.
Federal Reserve Plans Job Cuts The Federal Reserve is gearing up to trim its workforce by around 10% in the coming years, aligning itself with President Trump’s push to streamline the federal government. This information comes from an internal memo circulated to staff on Friday. In the memo, which was revealed by Reuters, Powell instructed […]
Powell cautions that the economy may experience additional supply disruptions.
Panelists David Bahnsen and Ej Antoni on Kudlow discussed the potential for removing Jerome Powell from his position as chairman of the Federal Reserve. On Thursday, Federal Reserve Chairman Jerome Powell acknowledged that the mechanisms for establishing monetary policy might require adjustments. During a speech at the Federal Reserve’s Thomas Laubach Research Council, he suggested […]
US economy may encounter ongoing supply disruptions, says Powell
Federal Reserve Chairman Jerome Powell expressed on Thursday that the economy may be entering a phase marked by more unpredictable inflation and regular supply shocks, in contrast to the low inflation and unemployment levels seen in recent decades. On Wednesday, Powell noted, “inflation might progress more than during the intercrisis period of the 2010s,” referring […]
Forex Today: Attention shifts to Powell and US economic figures
The US dollar (USD) bounced back on Wednesday, overcoming earlier losses as investors moved away from risk-related assets, maintaining a positive outlook on US trade policy. This recovery in the greenback occurred even with new predictions for Federal Reserve interest rate cuts later this year due to signs of cooling inflation in April. Here’s what […]
Vance describes Powell as a nice person who is mostly mistaken.
Vice President Vance recently shared his views on Federal Reserve Chairman Jerome Powell, acknowledging him as a decent person but asserting that he’s “wrong about almost everything.” He elaborated, saying, “I think the president is correct in his assessment of Jerome Powell. He’s a good guy, sure, but he’s largely mistaken—especially when it comes to […]
Trump criticizes Fed Chair Jerome Powell once more for not reducing interest rates.
President Trump voiced his frustrations with Federal Reserve Chairman Jerome Powell on Thursday, specifically about the Fed’s reluctance to lower interest rates. He described rate cuts as “like jet fuel” for the economy, yet it seems Powell is hesitant to implement those changes. Trump also remarked that Powell “doesn’t really care for me,” which adds […]
Trump criticizes Jerome Powell on interest rates: ‘It’s like speaking to a wall’
President Trump expressed frustration with Federal Reserve Chairman Jerome Powell on Thursday, criticizing him for not considering his request to lower interest rates after the Fed opted to keep rates steady again. Trump’s comments came after Powell indicated the day prior that he had never sought a meeting with the president. Powell told reporters he […]
Trump Criticizes Powell as a ‘Fool’ After Fed Keeps Rates the Same
President Donald Trump has once again taken aim at Federal Reserve Chairman Jerome Powell on Thursday. “Jerome Powell is a fool and has no clue—’too late’ for him. Other than that, I really like him! Oil and energy prices, almost everything (like groceries and eggs) have decreased, and there’s practically no inflation. Enjoy!” Trump noted […]
Trump criticizes Powell after the Federal Reserve maintains interest rates: ‘FOOL’
President Trump expressed strong criticism of Federal Reserve Chairman Jerome Powell on Thursday, a day after the central bank decided to maintain interest rates. “‘Too late’ Jerome Powell is a fool and has no clue,” Trump posted on his Truth Social Platform. “Otherwise, I really like him!” He continued, “The trajectory of oil and energy, […]