Federal Reserve Chair Jerome Powell will converse Tuesday morning from the European Central Financial institution’s annual retreat in Portugal, as he faces heavy criticism from President Trump and the White Home over his decision to not lower interest rates in latest months.
Whereas he is cited the volatility of markets following Trump’s tariff rollout and unrest within the Center East for his choice, the president has frequently threatened to remove him as Fed chief. Names of who could lead the nation’s central financial institution ought to Powell be dismissed have began to emerge, including Treasury Secretary Scott Bessent.
Throughout the retreat Tuesday, Powell will probably be joined by financial leaders from the European Union, Japan, South Korea and the UK
The occasion is scheduled to start at 9:30 a.m. EDT.
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