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Federal Reserve

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Mnuchin, Powell try to defend government’s efforts to revive economy as senators press for answers

May 19, 2020
Erica Werner, Jeff Stein | The Washington Post
Treasury Secretary Steven Mnuchin on Tuesday tried to defend the Trump administration’s economic response to the coronavirus pandemic, facing pointed questions from one Democratic senator who alleged workers’ lives were being put at risk.
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Fed chair warns of long, painful downturn if Congress does not provide more economic relief

May 14, 2020
Erica Werner, Heather Long | The Washington Post
Federal Reserve Chair Jerome H. Powell gave a dire warning Wednesday that the U.S. economy could become stuck in a painful multiyear recession if Congress and the White House do not authorize more aid to address the coronavirus pandemic’s economic fallout.
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Amid Recession Worries, Trump Points Finger at American Businesses

September 3, 2019
Peter Baker | The New York Times
President Trump wants Americans to understand that the economy is doing great, thanks to him. But if in fact the economy sours, then it is someone else’s fault.
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Trump Criticizes Expected Fed Rate Cut as ‘Not Enough’

July 30, 2019
Vivian Salama, Nick Timiraos | The Wall Street Journal
President Trump said that the Federal Reserve’s expected small interest-rate cut this week is “not enough,” but he expressed optimism that the country would do well regardless of what is decided.
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Four Senate Republicans signal opposition to Trump’s plan to put Herman Cain on Federal Reserve Board, all but sinking nomination

April 12, 2019
Josh Dawsey, Seung Min Kim, Damian Paletta | The Washington Post
A swift defection of at least four Senate Republicans has all but doomed Herman Cain’s chances of winning a seat on the Federal Reserve’s board of governors, a striking rebuke to President Trump in his drive to remake the powerful U.S. central bank.
Herman Cain
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Trump recommending Herman Cain for Federal Reserve Board

April 5, 2019
Hallie Jackson, Geoff Bennett, Dartunorro Clark, Allan Smith | NBC News
President Donald Trump said Thursday that he has recommended Herman Cain, a former pizza company executive and 2012 Republican presidential candidate, for the Federal Reserve Board.
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Trump slams Fed chair, questions climate change and threatens to cancel Putin meeting in wide-ranging interview with The Post

November 28, 2018
Philip Rucker, Damian Paletta, Josh Dawsey | The Washington Post
President Trump placed responsibility for recent stock market declines and this week’s announcement of General Motors plant closures and layoffs on the Federal Reserve during an interview Tuesday, shirking any personal blame for cracks in the economy and declaring that he is “not even a little bit happy” with his hand-selected central bank chairman.
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Trump’s Fed chair choice largely down to Powell or Taylor

October 26, 2017
Robert Costa, Damian Paletta | The Washington Post
These two men could have much different approaches to running the U.S. central bank, which sets the direction for interest rates and also plays a lead role in financial regulation.
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