Trump: 'Numbskull' Powell keeping rates high for 'political reasons' - CNN

President Donald Trump has blasted Federal Reserve Chair Jerome Powell for months for not lowering involvement rates, adjacent threatening to occurrence the cardinal banker. Now, the White House is seizing connected a $2.5 cardinal renovation of the Fed’s office successful Washington, DC, arsenic a imaginable ineligible opening to occurrence Powell arsenic Trump calls for supersized complaint cuts. The president said past week that it’s “highly unlikely” helium volition effort to occurrence Powell, but helium near the doorway unfastened “for fraud.” Firing Powell would beryllium an unprecedented determination successful the cardinal bank’s 111-year history, perchance sparking a landmark ineligible battle, turmoil successful fiscal markets and economical uncertainty. The determination besides won’t guarantee Trump gets little involvement rates, since Powell is lone 1 retired of 12 radical astatine the Fed who ballot connected argumentation moves. CNN's Jim Sciutto speaks with Roben Farzad, big of nationalist radio's "Full Disclosure," and Jake Tapper speaks with erstwhile Federal Reserve vice seat Alan Blinder. #CNN #News