Trump, Powell and Fed
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President Donald Trump accused the Federal Reserve under Chair Jerome Powell of "choking out the housing market". Trump, citing higher interest rates, said they are "making it difficult for people, especially the young, to buy a house," calling Powell "truly one of my worst appointments."
The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
2don MSN
WASHINGTON − An ideologically divided Supreme Court on July 14 allowed the Trump administration to fire hundreds of workers from the Education Department and continue other efforts to dismantle the agency. The court's three liberal justices opposed the order, the latest win for President Donald Trump at the high court.