Breaking down dispute between Trump and Powell
Breaking down dispute between Trump and Powell
President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump’s extended campaign to pressure Powell, who he says has been too slow to lower interest rates. Kelly O’Grady explains.
Read the full article on CBS Politics
Truth Analysis
Analysis Summary:
The article is mostly accurate, reporting on Trump's visit to the Federal Reserve and his ongoing pressure on Jerome Powell regarding interest rates and now, facility renovations. There's a slight bias evident in framing Trump's actions as 'pressure' and highlighting the dispute, but the core facts are supported by multiple sources. Some claims, like the specific details of the cost overruns, are not fully elaborated upon or verified in the provided sources.
Detailed Analysis:
- Claim: President Trump visited the Federal Reserve.
- Verification Source #2: Confirms Trump visited the Federal Reserve.
- Verification Source #3: Confirms Trump visited the Federal Reserve building.
- Assessment: Supported
- Claim: Trump raised the issue of cost overruns in construction of new facilities there.
- Verification Source #1: Confirms Trump and Powell have an open disagreement on the Federal Reserve renovation project.
- Assessment: Supported
- Claim: Trump is pressuring Powell to lower interest rates.
- Verification Source #3: Confirms Trump continues his campaign to push the agency to lower interest rates.
- Verification Source #4: Confirms Trump has repeatedly called on Powell amid disagreement over interest rates.
- Assessment: Supported
- Claim: Powell has been too slow to lower interest rates, according to Trump.
- Verification Source #4: Implied by the statement that Trump has repeatedly called on Powell amid disagreement over interest rates.
- Assessment: Supported
Supporting Evidence/Contradictions:
- Source 2: Trump visits the Federal Reserve and tussles with Jerome Powell in extraordinary moment
- Source 3: President Donald Trump visited the Federal Reserve building to observe its renovations as he continues his campaign to push the agency to lower interest rates.