Trump and Powell Clash Over Rates, Renovation During Fed Tour
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Good morning. Donald Trump and Jerome Powell butt heads. Tourists aren’t spending as much when they come to the US—if they come at all. And the mystery of some €14 billion worth of missing Hermès shares may never be solved. Listen to the day’s top stories.
Donald Trump and Federal Reserve Chair Jerome Powell clashed over the central bank’s renovation project during a tour of the construction site on Thursday. The president also used the opportunity to press the Fed chief on interest rates. Despite the publicly traded barbs between the two, Trump maintained there was no tension with Powell and suggested that issues with the project wouldn’t warrant firing him.