Fed, Trump and Powell
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President Trump denies he’s considering firing Federal Reserve Chair Jerome Powell, but his administration has ramped up its criticism of the central bank’s $2.5 billion office renovation. WSJ’s Nick Timiraos explains why.
Reports that President Trump was planning to fire Federal Reserve Chairman Jerome Powell sent stocks and the U.S. dollar tumbling on Wednesday, while long-dated Treasury yields charged higher.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.