Trump's Fed Frustration: Potential Rate Cut, Powell's Future Uncertain

President Trumps frustration with Fed Chair Powell escalates, as reports of internal division within the Fed emerge. Trump expresses desire for lower interest rates, blaming previous administrations for inflation. He considers firing Powell, calling him Jerome Too Late Powell, and interviews potential replacements. Meanwhile, Treasury Secretary Bessent acknowledges a short list of candidates. The Fed faces an uncertain economic picture, with inflation strong and hiring slowing. A prolonged government shutdown complicates data collection, leaving the Fed without crucial information to reach a consensus. Officials publicly disagree, with some concerned about reigniting inflation and others worried about worsening the labor market. The central banks next move remains unusually uncertain, with critical economic data not expected until mid-December. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.