Jerome Powell, Federal Reserve and Trump
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President Donald Trump visited the Federal Reserve on Thursday, repeating calls for lower interest rates while standing alongside Fed Chair Jerome Powell. Even after reiterating his frustration with the central bank, Trump called the notion of firing Powell a "big move" that would not be "necessary."
The president’s participation in a tour of the Fed had the makings of a public relations disaster for the central bank. But by Friday, the president was praising Powell.
"Shark Tank" investor Kevin O'Leary has cautioned that Donald Trump's attacks on Federal Reserve Chair Jerome Powell could undermine global trust in U.S. financial markets. What Happened: On Friday, O'Leary shared a video clip from his Fox News appearance on X,