{"id":137804,"date":"2024-12-16T21:47:55","date_gmt":"2024-12-16T14:47:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=137804"},"modified":"2024-12-16T21:47:55","modified_gmt":"2024-12-16T14:47:55","slug":"jerome-powell-and-the-fed-head-for-another-collision-with-trump","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=137804","title":{"rendered":"Jerome Powell and the Fed Head for Another Collision with Trump"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Inside the halls of the Federal Reserve\u2019s headquarters overlooking Constitution Avenue in Washington D.C., casual mentions of the incoming Trump administration are cautious and infrequent. That\u2019s by design.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Donald J. Trump had a fraught relationship with the politically independent Fed during his first term. The president wanted central bankers to lower interest rates more aggressively and faster than they thought was economically appropriate. When officials refused to comply, he blasted them as \u201cboneheads\u201d and an \u201c<a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2020\/01\/30\/business\/economy\/fed-trump-powell-ugh.html\" title=\"\">enemy<\/a>.\u201d He flirted with trying <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2020\/01\/30\/business\/economy\/fed-trump-powell-ugh.html\" title=\"\">to fire<\/a> Jerome H. Powell, the Fed chair. He tried (<a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2020\/11\/17\/business\/economy\/judy-shelton-fed-vote.html\" title=\"\">and failed<\/a>) to appoint loyalists to central bank leadership roles.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">As the Fed enters a new Trump era with interest rates higher than they were at any point in his first term, tensions seem poised to escalate once again \u2014 and America\u2019s central bank is on high alert.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Fed analysts try to avoid casually discussing tariffs in email or Microsoft Teams meetings, wary that the information could become public and make the Fed look anti-Trump, according to one staff economist who spoke on the condition of anonymity to discuss the sensitive matter. Hallway chatter has taken a negative tone but is often studiously generic and apolitical, according to people familiar with the mood inside the building who also requested anonymity. And while Fed officials and economists have had to begin to consider what Mr. Trump\u2019s promised policies might do to growth and inflation, they have avoided publicly speculating.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Central bankers are, in effect, keeping their heads down to stay out of the limelight. But try as they might, they appear destined for another crash course with Mr. Trump.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The president-elect <a class=\"css-yywogo\" href=\"https:\/\/www.rev.com\/transcripts\/former-president-donald-trump-responds-to-indictment-at-georgia-gop-convention-transcript\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">promised<\/a> \u201cinterest rates cuts the likes of which you have never seen before\u201d while campaigning. Fed officials have been cutting rates since September and are on course to lower them further as inflation cools, but they are unlikely to reduce them as much as Mr. Trump is hoping.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-asuuk5\"><noscript><\/p>\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"\/><\/svg><\/p>\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<p><\/noscript><\/p>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\">\n<hr\/>\n<p>Thank you for your patience while we verify access. 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That\u2019s by design. Donald J. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=137804\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-137804","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/137804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=137804"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/137804\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}