Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
WASHINGTON – President Donald Trump said Friday that he expects Federal Reserve Chairman Jerome Powell to soon start lowering interest rates after their meeting at the Fed on Thursday. Trump spoke highly of his meeting with Powell, which included a tour of ongoing over-budget renovations.
“I think we had a very good meeting, forgetting about the building; that’s out of control. But I think we had a very good meeting on interest rates,” Trump said. “He said to me very strongly, ‘The country is doing well.’ He said, ‘Congratulations, the country is doing really well,’ and I got that to mean that I think he’s going to start recommending lower rates,” Trump said. Trump has criticized Powell for being “too late” on interest rate cuts over recent months as the Fed has taken a wait-and-see approach in light of Trump’s tariff policies. But months of low inflation suggest Trump’s tariffs are not having adverse effects on the economy, and the president has repeatedly called on Powell to lower rates. While touring the construction of the building, Trump fielded questions from reporters while flanked by Powell. One reporter asked Trump if Powell could do anything that would make Trump rein in his criticism of the Fed chairman. “Well, I’d love him to lower interest rates,” Trump quipped as he slapped Powell on the back, causing him to chuckle. Trump also said the cost overrun on the Federal Reserve renovations, which he pegs at a $3.1 billion price tag that ballooned far above the estimated $1.9 billion cost for the project in 2021, is not a fireable offense. “As a real estate developer, what would you do with a project manager who would be over budget?” a reporter asked Trump.Another followed up, asking if he believed the overruns gave him “cause” to do so. “Well, I’m here just really with the chairman. He’s showing us around, showing us the work, and so I don’t want to get that — I don’t want to be personal. I just would like to see it get finished,” Trump said.REPORT: Pro Wrestling Legend Hulk Hogan Dead at 71Poll: Vance Beats Newsom, AOC, and Buttigieg in 2028 MatchupMSNBC Worries the Demise of Big Bird Could Send America’s Children Flocking to PragerU Kids Media Matters in Meltdown: Soros-Funded Censorship Group on Verge of Collapse Amid Lawsuits, Layoffs, and Donor Panic‘Fantastic Four’ Review: Goodbye Woketardery as MCU Finally Returns to NormalVIDEO — World’s Most Premature Baby Celebrates First Birthday in Iowa: ‘Feels Like a Victory’ Iowa AG Brenna Bird Lawsuit Against Crypto ATMs Contradicts Trump Making America ‘Crypto Capital of the World’
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.
US Dollar Index tumbles to near 97.50 as Trump considers candidates to replace PowellThe US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, tumbles to a fresh three-and-a-half-year low near 97.60 during the early European session on Thursday.
Read more »
Treasury yields fall as concerns grow over Trump's criticism of PowellU.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Fed Chairman Jerome Powell.
Read more »
USD/INR falls as Trump slams Powell, US Dollar hits multi-year lowThe Indian Rupee (INR) trades stronger against the US Dollar (USD) on Thursday, buoyed by a sharp decline in the US Dollar Index (DXY), which tumbled to a fresh three-year low.
Read more »
Trump weighs Jerome Powell replacement at Fed as rumors swirl of early exitPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
USD/CAD slides as Trump’s criticism of Fed Chair Powell weighs on US DollarThe Canadian Dollar (CAD) ticks higher against the US Dollar (USD) on Thursday, buoyed by broad-based Greenback weakness following fresh criticism of Federal Reserve (Fed) Chair Jerome Powell by the US President Donald Trump.
Read more »
EUR/USD hits four-year high as Trump slams Powell, US data disappointsThe Euro (EUR) extends its winning streak against the US Dollar (USD) for a sixth consecutive day on Thursday, with EUR/USD soaring past the 1.1700 handle for the first time since September 2021, marking a nearly four-year high.
Read more »