Posts

Showing posts with the label TRUMP: CAUSING INFLATION

News Alert | Trump Called 'A Wannabe Dictator' as His DOJ Goes After Powell

Image
  Fed Chair Powell Says He Won’t Bow to Trump ‘Intimidation’ as DOJ Launches Criminal Probe Federal Reserve Chair Jerome Powell revealed in a defiant statement late Sunday that the US Department of Justice is threatening him with criminal charges, a step the central bank chief condemned as “intimidation” for not bowing to President Donald Trump’s demands on interest rate policy. “This unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure,” said Powell. excerpt:  Powell, whose term as Fed chair ends in May, has repeatedly defied Trump in public,  dismissing  the president’s threat to remove him from the helm of the central bank as unlawful and, at one point,  fact-checking Trump to his face  about the estimated cost of Fed renovations. Powell has also publicly blamed Trump’s tariff policies for driving up  inflation . “It’s really  tariffs  that are causing the most of the inflation ove...