Powell: "I won't quit"
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President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.
https://apnews.com/article/federal-reserve-trump-jerome-powel-4710172f1fd4d6493769ac0b81703c01
Do we have a "whiplash" emoji? LOL. Was he lying then or is lying now?
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Worth the watch. Trump gets fact checked in real time….by Powell.
Link to video -
I hope our national nightmare of cost overruns in the federal reserve construction project will be over soon.
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Who's the heroic figure not wearing the hard hat? They should put that guy in charge!
Actually, scratch that, there's a bunch of other dispensable people in the background without them too.
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https://qz.com/federal-reserve-fomc-january-2026-interest-rate-decision-powell-trump
The Federal Reserve decided Wednesday to keep interest rates steady. The decision followed three consecutive rate cuts in 2025, with the Fed cutting rates by 25 basis points at its September meeting, again at its October meeting, and one more time at its December meeting. Inflation has held relatively steady in recent weeks, even appearing to trend down, while labor market numbers have also come in within targets that officials widely regard as acceptable.
Prediction markets, as well as traders and analysts, widely expected Wednesday’s pause. Yet it came even as White House pressure on the Fed has reached into unprecedented territory that, Fed Chair Jerome Powell himself has said, “should be seen in the broader context of the administration's threats and ongoing pressure.”
