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Federal Reserve chair defends holding interest rates after fresh Trump attacks
Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’
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fortune.com
Trump urges Congress to grill 'dumb, hardheaded' Powell in latest attack over Fed's refusal to cut interest rates
Trump claimed that Americans will be paying for Powell's "incompetence" for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.
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cnbc.com
Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism
The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
