Trump official criticizes Fed chief Powell as Trump takes aim over interest rates
Trump official criticizes Fed chief Powell as Trump takes aim over interest rates
A top White House budget official said President Trump is “troubled” by Federal Reserve chair Jerome Powell’s management, as Mr. Trump pressures him over interest rates.
Read the full article on CBS Politics
Truth Analysis
Analysis Summary:
The article appears mostly accurate, reporting on President Trump's criticism of Fed Chair Jerome Powell. The primary claims regarding Trump's dissatisfaction with Powell and pressure over interest rates are supported by multiple sources. However, the article's framing and selection of details may reflect a moderate bias.
Detailed Analysis:
- Claim: A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management.
- Verification Source #1, #2, #3, #4, and #5 all confirm that Trump criticized Powell over interest rates. While none of these sources *directly quote* a White House budget official saying Trump is "troubled," they all report on Trump's dissatisfaction, lending support to the claim.
- Claim: Mr. Trump pressures him over interest rates.
- Verification Source #1: Supports this claim, stating Trump said Powell should "certainly lower them now."
- Verification Source #2: Supports this claim, noting Trump "ramped up his attacks" on Powell.
- Verification Source #3: Supports this claim, stating Trump called Powell "a major loser" for not lowering interest rates.
- Verification Source #4: Supports this claim, mentioning Powell's reluctance to cut interest rates.
- Verification Source #5: Supports this claim, stating Trump "condemned" Powell for not lowering interest rates.
Supporting Evidence/Contradictions:
- Verification Source #1: "President Trump lashed out at Fed Chair Jerome Powell over interest rates, saying he should 'certainly lower them now...'"
- Verification Source #2: "US stocks suffered steep losses on Monday as US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell."
- Verification Source #3: "The president amps up attack against US central bank boss calling him 'a major loser' for not lowering interest rates."
- Verification Source #4: "Trump takes aim at Powell and sends the U.S. dollar tumbling to a 3-year low"
- Verification Source #5: "Trump condemns Fed chair over interest rates. Donald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not..."
- There are no direct contradictions among the provided sources. All sources confirm Trump's criticism of Powell regarding interest rates.