Episode 1782 • • 1:39:55 - 1:43:02
1782: Circularity
Federal Reserve, Jerome Powell and Interest Rate Policy
President Donald Trump criticized Federal Reserve Chair Jerome Powell, calling his role "one of the easiest jobs in government" and suggesting Powell is under investigation for spending $2.5 billion on unauthorized building renovations. Trump expressed a desire for lower interest rates to support the U.S. economy, despite current record stock market performance. The administration plans to appoint a new Fed chair within the next eight months to shift the central bank's direction.