
Powell Parries Trump Questions, Says Fed In Wait-And-See Mode
"I think policy's well-positioned," Jerome Powell said Wednesday, while parrying incessant Trump-related questions after the Fed left rates on hold for the first time since July.
Predictably, a disproportionate share of the queries Powell fielded (or refused to field) revolved around Donald Trump's policy proposals and specifically his sometimes petulant trade pronouncements.
Although Powell engaged where he could, he assiduously avoided anything that might be construed by The White House as c
I do not envy Powell (or any other person who resides on this planet). Just now, the Trump administration is saying the federal funding freeze is still in effect – they just rescinded the memo so I guess that clears things up. Can’t block the memo if it doesn’t exist! Checkmate, judge!