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To Understand Trump’s Frustration With Powell, Look At His Real Estate Loans [Forbes]

Vornado Realty Trust (VNO) 
Last vornado realty trust earnings: 2/18 04:38 pm Check Earnings Report
US:NYSE Investor Relations: vno.com/investor-relations/overview
Company Research Source: Forbes
A ngered about interest rates, President Trump lashed out at Federal Reserve Chairman Jerome Powell Thursday, saying the central banker's “termination cannot come fast enough!” Most presidents try to maintain distance from the Fed, whose leaders pride themselves on independence, but Donald Trump is not most presidents—he's a billionaire with vast real estate investments. Hence, the president wants lower interest rates, now and probably forever. The down side of slashing rates is the possibility of boosting inflation, but Trump's business empire is basically inflation-proof. The higher prices go, the more landlords like the president can charge for rent. Some real estate tycoons, who are actively developing, have to fret over the cost of building materials. Not Trump, who stopped doing ground-up construction years ago. His moves in business, meanwhile, suggest that he has underestimated inflation for years. Trump appointed Powell in 2017 and has been badgering the Fed chair from Show less Read more
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