ANALYSIS — President Donald Trump stood on a construction site Thursday at the Federal Reserve and insisted there was “no pressure” being applied to Fed Chair Jerome Powell about lowering interest rates. He and top aides then spent the next 16 hours turning up the heat on Powell — and the president was at it again on Monday.
Trump garnered headlines last week for backing off — at least for now — on his openness to firing Powell or pressuring him to step down before his term ends next year.
“I think he’s going to do the right thing. Everybody knows what the right thing is. Even people that believed in the higher rates, they’re all on board,” the president said of Powell on Thursday. “They all want to see the interest rates come down. It’s very important.”
