CNN anchors Dana Bash and Jeff Zeleny discussed President Trump's backlash against Federal Reserve Chairman Jerome Powell, following Powell's honest assessment of the negative effects of Trump's tariff policies. Zeleny noted that Powell, appointed by Trump, warned about the repercussions of these policies in a recent speech, sparking Trump's criticism. The anchors emphasized the Federal Reserve's independent status, highlighting Trump's frustration at Powell for speaking the truth about the situation, suggesting tensions between the President and the Fed are likely to continue as Powell's term progresses.
DANA BASH: I do want to turn to another really important news event that happened this morning, which is Donald Trump lashing out again at the Federal Reserve Chair Jerome Powell. He is essentially telling Americans, I mean, the truth about his tariffs when he's lashing out at Powell.
JEFF ZELENY: There’s no doubt... drone pal of course who is appointed uh to his position to lead the Federal Reserve by this president during his first at term in office.
As we all know, we've said many times, the chair of the Federal Reserve works independently. They are not an employee of the White House.
The bottom line is the president seems angry at Jerome Powell once again for telling the truth about the fallout of the tariff policies.
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