Fed, Trump and Powell
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On July 24, President Trump had a tense exchange with Federal Reserve Chief Jerome H. Powell over the budget of ongoing building renovations.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
Rather than owning up to the insult he hurled at the Fed chair just last week, the president slunk away without a word.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
President Trump is again clashing with Fed Chairman Jerome Powell in a face-to-face argument about interest rates and a hugely expensive renovation project at the Fed Headquarters.
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