Trump administration steps up pressure on Federal Reserve
President Trump’s administration is increasing pressure on the Federal Reserve, targeting Chair Jerome Powell amid a dispute over interest rates.
President Trump’s administration has stepped up its pressure campaign against the Federal Reserve.
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He threatened to indict Fed Chair Jerome Powell over comments he made to Congress about a building renovation project.
The move marks a significant escalation in tensions between the White House and the central bank.
Powell has pushed back against the threat, describing it as a “pretext” designed to give the administration greater influence over interest rate decisions.
President Trump has repeatedly called for interest rates to be cut, and the latest dispute highlights the ongoing struggle between the Fed’s independence and political pressure from the administration.