Trump on demoting Fed Chair Jerome Powell, day before rate decision: 'Let's see what he does'

Bloomberg News reported Tuesday morning that the White House had looked into demoting Powell in February. Top White House economic advisor Larry Kudlow told reporters that the Trump administration wasThe Fed will make a decision on interest rates on Wednesday at 2 p.m. ET, concluding a two-day meeting. The central bank is, but investors are hoping for the central bank to signal a rate cut as soon as July. Powell will be holding a news conference Wednesday following the decision.

Stocks have rallied this month in part because investors expect the Fed to ease its monetary policy stance. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite are all up more than 6% for June through Tuesday's close. Traders are pricing in a more than 80% likelihood that the Fed will cut rates next month, according to the CME Group FedWatch tool.

Trump in recent days has pressured the Fed under Powell not to raise rates, claiming that comparatively lower interest rates for the euro

Since when does he have the power to do that? trump incompetent potus conman liarinchief crook

Old news

So much about the independence of the Fed

That means 'Yes'

CNBC What Presidents of Banana Republics often do.

CNBC Demote

CNBC Interest rates (mortgage rates specifically) are a farce. They should never be above 0. All mortgages should be non profit.

CNBC

CNBC It amazes me the Feds NEVER raised the interest rates once during the Obama presidency and he still couldn't produce jobs.

CNBC What an absolute clown. 🤡

I can belp fill yours cabinet with good recommendations UN and all others empty seat

Sounds kind of threatening. Hopefully Powell doesn't take the bait.

What part of 'not a govt entity' does Trump not understand? The Federal Reserve is NOT part of the federal govt. Unless you throw a coup and become dictator, it's not going to be.

Central Bank independence. Have a look on your barchart

He knows what's around the corner...he's become so jealous of xi during this sharade that he wants to manipulate rates. Should've kept silly yellen I guess

Great economies dont need rate cuts. JACK ASSSSSSSSSSSSSSSSSSSSSSS

Do we really need even lower rates. Haven't we had low rates during this whole bull market.

VolatilityWiz Market manipulations off charts

VolatilityWiz Is this real?!?

The dictator doesn't control the fed. Market manipulation

Let's keep the rates in balance. Keep the good work on economy Sir. Thank you Mr. President. 💪💪

Fed shouldn’t cut rates tomorrow let alone at all. Trumps hand in the feds pocket is going to backfire at some point. It’s gonna get messy

Dimwit!

Mob at his best. SpeakerPelosi thank u

Spoken like a true mob boss.

Perfect time to hike rates and do the right thing.

Success in a job is all about performance. If you can’t cut it get out of the way and support those who can.

Oligarch wanna be. Someone tell this moron we have rules and if he really wants everything to be his way he'll need to figure out how to resurrect Moe, Larry & Curly.

JFC... this is alone is an impeachable offense. 'Fire the Fed Chair if he doesn't drop rates to boost the economy in my reelection year.' Corrupt abuse of power, par for the course in this admin.

This man is so, so out of control. This will cost us dearly in the end.

He should hike rates and peace out. Legacy is going to be trash regardless of what he does if that's what his concern is.

Not supposed to work like that….

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Currency war’ fears rise as Trump slams Draghi’s hint at more ECB stimulusPresident Donald Trump’s hostile response on Twitter to Draghi’s signal that the ECB could move to provide further monetary stimulus as early as next month... Worst idea ever, and the bar for that title has been set pretty high lately. 😆😆 Whose fears, the lying liberal buffoons at Marketwatch? You’re lying fake news.
Source: MarketWatch - 🏆 3. / 97 Read more »

Trump's trade wars are putting the US economy at risk. But the Federal Reserve doesn't appear ready to step in just yet.The Federal Reserve is expected to leave borrowing costs unchanged Wednesday, even as Trump continues to call on officials to lower them.
Source: BusinessInsider - 🏆 729. / 51 Read more »

White House explored demoting Powell: BloombergThe White House explored the legality of demoting Fed Chairman Jerome Powell in February, according to a report by Bloomberg Television. Citing people... Powell humiliated again. Completely subservient. Powell never learned as a kid to stand up against a bully The Fed is Right On This.
Source: MarketWatch - 🏆 3. / 97 Read more »

Trump Campaign Fires Pollsters After Leak of Polls That Look Bad for TrumpRather than approach the information as a valuable tool or a moment to reevaluate, Trump reportedly told his aides to deny that the internal polling existed I am so hoping more and more of his people WILL EVENTUALLY TURN ON HIM. And 60 million Americans voted for this petty, corrupt, inept vulgarian. What a country.
Source: NYMag - 🏆 111. / 63 Read more »

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meetingAsian stocks inched higher on Monday, with a rebound in the Hong Kong market hel... Since when is red up and green down?
Source: Reuters - 🏆 2. / 97 Read more »

If a recession hits, even Fed rate cuts won't be enough to stop it, Ned Davis warnsWith uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a 'choppy,' but somewhat opportunistic, ride for investors. FuturesNow Got Fear-mongering? FuturesNow realDonaldTrump Jerome is not doing a good job. Mr Trump you should relocate him to other FED department such as Janitorial Depart. FuturesNow But Thank GOD - Rich People Got That TAX Break SO They Will Be OK!!
Source: CNBC - 🏆 12. / 72 Read more »