Powell signals intent to remain Fed Chair, defying Trump.
Summary
Federal Reserve officials, including Neel Kashkari and Beth Hammack, dissented from the post-meeting statement, disagreeing with the hint that the next interest rate move would be a cut. Chair Jerome Powell confirmed plans to remain on the Fed's Board of Governors after his term, citing 'legal attacks' on the central bank.
How coverage differs
- Center: Federal Reserve Chair defies pressure, plans to remain on board Center outlets report directly on the conflict between President Trump and Federal Reserve Chair Jerome Powell, detailing Powell's intention to remain on the Board of Governors. They highlight President Trump's strong negative reaction to Powell's decision to stay at the central bank.
- Right: Powell defies critics, entrenches power amid 'legal attacks' on Fed Right-leaning outlets express frustration and amusement over Federal Reserve Chair Jerome Powell's defiance of President Trump, suggesting humorous but drastic measures to remove him. They highlight the ongoing tension between Powell and the President, implying Powell's continued presence is an irritant.