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Trump advisers have discussed arranging meeting with Fed's Powell: WSJ

Published 12/23/2018, 05:49 PM
Updated 12/23/2018, 05:50 PM
© Reuters. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington

(Reuters) - The advisers of President Donald Trump have discussed in recent days arranging a meeting between him and Federal Reserve Chairman Jerome Powell in the coming weeks, the Wall Street Journal reported on Sunday, citing a source.

Trump has recently been critical of the Fed for raising borrowing costs this year, especially as U.S. stocks have tumbled and yields on U.S. government debt have begun to signal a possible recession ahead.

Trump has frequently attacked Powell, who was sworn in as Fed chairman last February.

Reuters reported on Saturday that Trump has privately discussed the possibility of firing Powell. U.S. Treasury Secretary Steven Mnuchin later said Trump told him he had "never suggested firing" the Fed chairman.

The White House and the Federal Reserve did not respond to a request for comment outside regular business hours.

© Reuters. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington

Latest comments

One more, blame Vaporware that started a trade war when him and his team were reading, WRONG, how strong was the economy. He BROKE it and now, childish as usual, is pointing fingers to somebody else, this case Powell.
Powell is the face Vaporware wants us to blame, as usual deflecting .
Looks that everyone is aiming Powell the door and everything will be be all right... what if it's not enough. We'll start again QE or why not ask the Gov't to buy shares, directly, so Vaporware and all the losers who didn't sell can be happy? Later people are questioning if the market is rigged? This kind of artificial intervention are really pathetic. Don't *****the messenger.
this bear market was cause for Powell have no reason... im agree this time with trump
Independent Fed really
Powell get out from office
Show Powell the door
Powell needs to go
biggest mistake Greenspan made was not raising rates soon enough, which would have prevented the tech bubble from popping... wake up people
time to clean your desk
The fed may need to hear more from fund managers, business leaders than the people fed claimed to hear.
Tabloid stuff.
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