Fed, Trump and Jerome Powell
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The escalating campaign by Donald Trump against the Federal Reserve chairman is unnerving the global economy. Ron Insana and Max Chafkin discuss on The 11th Hour.
Federal Reserve chair Jerome Powell responded to a pointed letter from the Trump administration on Thursday, offering the central bank's strongest defense to date in attacks over its building renovations.
Factbox-The Fed Building Renovations at the Center of Trump's Fight With Powell: Five Things to Know
Major construction work continues at the U.S. Federal Reserve building as U.S. President Donald Trump voices complaints about Fed Chair Jerome Powell, in Washington, D.C., U.S., July 14, 2025. REUTERS/Jonathan Ernst/File Photo (Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,
Gold prices eased on Thursday, pressured by a firmer U.S. dollar, as investor worries eased temporarily after President Donald Trump said he did not plan to oust Federal Reserve Chair Jerome Powell.
The president floated the idea of firing the Fed chief to lawmakers, then said such a move was "very unlikely."