Trump accelerates his attacks against the Fed chair: from the political bureau

Welcome to the online version of Political officeAn evening newsletter that brings you the latest report and analysis of the NBC News Policy team from the White House, Capitol Hill and the campaign campaign.

In today’s edition, we examine how large widths on the widths of President Donald Trump against the president of the Federal Reserve Jerome Powell affects equity and bond markets. In addition, a new survey shows a large support for the American check and counterweight system, the Republicans are more likely to support a stronger presidential power.

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– Adam Wollner

Trump accelerates his attacks on the Fed chair

American shares have dropped and that the obligations sold after President Donald Trump launched new insults on the president of the federal reserve Jerome Powell, putting him pressure to reduce interest rates while the markets are already part of the shocks of his tariff policy, Rob Wile Report.

The S&P closed 2.4%. Since its heights in February, the index has now been down 16%, approaching the bear market for a 20%drop.

The Nasdaq, heavy in technology, fell by more than 2.5%. The industrial average of Dow Jones has lost almost 1,000 points, or 2.5%. The yield of the US Treasury Note at 10 years increased to 4.41%, its highest level in more than a week.

The three indices have been down more than 9% since the announcement of Trump’s “Liberation Day” prices on April 2.

Trump’s latest attacks: Trump said “preventive cuts” were called “by many” now that the economy was faced with what it described as “practically no inflation”. He did not say who had called for the preventive cuts, which the Fed rarely performs.

Without the cuts, Trump wrote on Truth Social, the economy is now likely to slow down, “unless Mr. Too late, a large loser, lowers interest rates now.”

Although Trump has long criticized Powell, which he appointed during his first mandate, his complaints have increased in recent days in the midst of a major reaction on the market at his pricing shock.

What comes then: Economic advisor Kevin Hassett said last week that the administration was “to study (ING)” Trump’s options to remove Powell. No president has ever deleted a president of the Fed. The FED has historically been a non -political element of the government, and the prospect that Trump takes on measures aroused the concern of inflation by increasing the Central Bank to relieve its role of controlling price growth in favor of economic growth.

Learn more →

Hegseth Fallout: Meanwhile, Trump was held by the defense secretary Pete Hegseth after NBC News and other points of sale reported that he used his personal phone to send information on American military operations to Yemen to a group of signals of 13 people, including his wife and brother.

“Pete does an excellent job,” Trump told journalists during the Easter egg roller on the southern lawn of the White House, Rebecca Shabad reports.

“Just ask the Houthis how it goes,” Trump said, referring to the group supported by Iran in Yemen who was targeted by American air strikes.

Hegseth suggested that former dissatisfied employees who have recently been dismissed have disclosed information on its use of signal group conversations with the media.

“You know, what a big surprise that a lot of leaks are licensed and suddenly, a bunch of successful pieces come out of the same media that have peddled the hoax of Russia,” Hegseth told journalists At the White House when he was asked about the last revelations.

John Ulyot, who had been a high-level spokesperson in the Defense Department before leaving his job last week, wrote in an editorial for politico It “it’s been a month of total chaos at the Pentagon”. He added that it is “difficult to see” Hegseth “remaining in his position longer”.

As Trump and the courts are fighting on his policies, the Americans support the judicial authority

By Matthew Lendendusky and Shawn Patterson

Researchers from Annenberg public policies center conducted a study last month as part of the investigation into the panels of the center institutions, questioning a representative sample at the national level of 1,363 Americans from March 6 to March 16 on six questions designed to measure their support for the check and counterweight system.

The data was remarkably clear: the Americans do not think that the president should have the capacity to act without constraint by the courts and the congress. With a small exception, the majority of the public rejects the assertion that the presidents should have vast powers. While the Republicans are most favorable to the greatest executive power, because Donald Trump is in the oval office, most of them always reject the allegations of unilateral authority.

Instead, Democrats, the Republicans and the self -employed believe that the courts and the congress should be able to verify the actions of the president. The only partial exception is that a majority of Republicans believe that the president should have the power to decide how executive agencies should implement the law. But even here, it’s just a slight majority, and it is undoubtedly a more subtle element than other questions.

Only 16% of respondents, for example, said that a president should be able to ignore the judicial decisions which, according to them, introduced themselves to its constitutional authority, including 27% of the Republicans. On the question of whether a president should have the right to promulgate policies without voting on them, 20% of respondents agreed, including a third of the Republicans.

More broadly, 58% overall agree with the declaration that the courts prevent elected officials from mistreating their power, including 51% of the Republicans. And 84% overall, agreed that the courts play a vital role in our government system, with little variation between partisan lines.

Learn more about the study →

It’s all of the political bureau for the moment. Today’s newsletter was compiled by Adam Wollner and Bridget Bowman.

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