President Trump is escalating his pressure campaign against the Federal Reserve chairman. Almost every day, the president belittles Fed Chair Jerome Powell, calling him names and demanding that he lower interest rates. Now, the Trump administration accuses Powell of spending too much money to renovate the central bank’s headquarters. The president has also appointed allies […]
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Trump escalates pressure on Fed Chairman Powell
President Trump is escalating his pressure campaign against the Federal Reserve chairman. Almost every day, the president belittles Fed Chair Jerome Powell, calling him names and demanding that he lower interest rates. Now, the Trump administration accuses Powell of spending too much money to renovate the central bank’s headquarters. The president has also appointed allies to scrutinize the project further. It’s an ironic move, given Donald Trump’s renovations at the White House, including the paving over of the grass in the Rose Garden.