Biography Flash Jerome Powell Under Fire as Trump Demands Rate Cuts and Judge Quashes DOJ Probe

🛒 Strong Coffee Company - Protein Coffee 💰 Get 20% OFF | Promo Code: POINT https://strongcoffeecompany.com/discount/POINTPresident Donald Trump turned up the heat on Federal Reserve Chair Jerome Powell yesterday, blasting him on Truth Social as Jerome Too Late Powell and demanding immediate interest rate cuts amid soaring oil prices hitting 100 dollars a barrel from US and Israeli strikes on Iran, according to Fortune. Trump shrugged off inflation fears, boasting that high oil prices line US pockets while prioritizing the takedown of Irans nuclear ambitions. Wall Street analysts at EY Parthenon now see just one Fed rate cut possible in 2026 or maybe none, thanks to sticky inflation and a cooling job market with February payrolls down 92,000 jobs per Bureau of Labor Statistics data cited in the report. Goldmans David Mericle begs to differ, betting on cuts by September if labor softens further.The real drama unfolded Friday when federal Judge James Boasberg slammed the Trump DOJ's criminal probe into Powells Fed HQ renovations as a blatant political shakedown to force rate cuts or his resignation, quashing subpoenas in a scathing ruling unsealed that day, as reported by Politico, NPR, and Reuters. Boasberg wrote theres zero evidence of crime, just harassment because Powell wont bend to presidential whims. DOJ firebrand Jeanine Pirro vowed an appeal, calling the judge an activist, while Senator Thom Tillis hailed it as proof the probes absurd and a threat to Fed independence. This blockbuster could clear Powells path to stay past his May term expiration or pave the way for Trumps pick Kevin Warsh, though Tillis threatens to block confirmation until its dead.No fresh public appearances or social media posts from Powell himself in the last few days hes keeping mum amid the firestorm but hes slated to speak March 21st at the Paul Volcker Public Integrity Award ceremony per CME Group calendar. Behind the scenes, whispers from January logs show him huddling with senators like Lisa Murkowski, per Fox News.Thanks for listening, please subscribe to never miss an update on Jerome Powell and search the term Biography Flash for more great Biographies. This has been a Quiet Please production.This content was created in partnership and with the help of Artificial Intelligence AIThis episode includes AI-generated content.