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From Yahoo: President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, scolding him for not lowering borrowing costs. Powell maintained that any decisions won’t be based on the president’s demands.
The meeting, which comes after months of unrelenting attacks from Trump against the Fed chief, took place at the White House and was at Trump’s request.
“Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook,” the Fed said in its statement. End quote.
Now as we can see Jerome Powell is trying to maintain a alpha position by putting on a front that if anything happens it would be on his own accord and not a the request or demand from Donald Trump. He has been wearing this poker face since D. Trump took office. Do I believe he will step down eventually? Yes. Will it be tomorrow? Not likely but ofcourse very welcomed if this so happens to be the case.
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