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News analysis trump targets agencies long seen as above politics District court, also names fed chair jerome powell and the board of governors as defendants. Trump officials say the president is within his rights to fire officials who do not share his agenda.
Federal reserve chair jerome powell is in a tense moment — and it’s not only because of the unyielding attacks he’s facing from president donald trump over his refusal to cut interest rates. Fed governor lisa cook sues trump over attempted firing the suit, filed in the d.c Here is a look at fed officials’ comments since their last policy meeting, sorting them under the labels “dove” and “hawk” as shorthand for their monetary policy leanings.
Inflation has been above the fed’s 2% target for four years
Officials worry tariffs will encourage businesses to raise prices and keep inflation elevated. Us president donald trump renewed his attacks on the us central bank, hours after officials left interest rates unchanged despite his public calls for them to cut. President trump has won a legal fight over his power to dismiss the heads of certain regulatory heads, but the federal reserve board remains off limits for now.
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