After a monthslong pressure campaign from President Donald Trump, Federal Reserve Chairman Jerome Powell will make his call Wednesday, with investors predicting interest rates will remain steady against Trump’s wishes for cuts.
“We can’t get this guy to do it [not lower interest rates], and the fake news is saying, ‘oh, if you fired him it would be so bad,” Trump said in one of his many missives against “Too Late” Powell, the nickname he’s given to the chairman for refusing to lower interest rates to his liking. “I don’t know why it would be so bad, but I’m not going to fire him.”
Trump has been relentless in his verbal attacks on Powell, who he has called a “numbskull” and a “fool who doesn’t have a clue.” Trump
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