Donald Trump Reopens Campaign Against Fed Chair Powell
President Donald Trump on the South Lawn of the White House.
Photographer: Yuri Gripas/Abaca
Good morning. President Trump renewed his campaign against the chair of the Federal Reserve. An investment veteran is all in (almost) on cash. And the latest Marvel offering isn’t terrible. Listen to the day’s top stories.
Donald Trump’s truce with Jerome Powell lasted one week. At a rally outside Detroit, he said he knows “much more” about interest rates than the Federal Reserve chair, who apparently is “not really doing a good job.” The president also championed his economic policies and tariff regime. Today, we get a snapshot of how that’s going, in the form of economic output data for the first quarter. The forecasts aren’t great.