Trump Digs Powell In Deeper at the Fed

Trump Digs Powell In Deeper at the Fed

“By doubling down on the investigation into Jerome Powell, President Donald Trump is ensuring that the Federal Reserve chair won’t go anywhere soon,” Semafor reports. “After Powell said he would remain at the central bank until the Justice Department drops its investigation into Fed renovations, Trump on Thursday put his weight behind the probe, telling reporters: ‘There is criminality.’”

Chair Powell has ‘no intention’ of leaving Fed until DOJ probe ends

With his replacement’s confirmation stalled, Powell could remain Fed chair for some time. Plus, “terrible timing” for mortgage rate surge; states sue HUD; more.