Disputes arise in the Trump administration as usual
President Trump privately discussed the dismissal of Federal Reserve Chairman Jerome Powell several months ago, including meetings with potential replacement Kevin Warsh.
Markets declined on Wednesday following hawkish comments from Powell, who criticized tariff policy
Markets declined on Wednesday following hawkish comments from Powell, who criticized Trump's tariff policy, warning that it could lead to an economic slowdown and rising prices, a phenomenon known economically as 'stagflation'. Powell made it clear in his remarks that his primary focus is currently on prices, suggesting a shift towards a more hawkish monetary policy than anticipated.