Trump approves The Late Show sign for Powell’s Fed building remodel

When president Trump appointed Jerome ‘Jay’ Powell Fed chief in November 2017, he said:

“He’s strong, he’s committed, he’s smart. I am confident that with Jay as a wise steward of the Federal Reserve, it will have the leadership it needs in the years to come.”

More recently, Trump started calling Powell “Too Late” in a push for the Fed to cut rates from 4.5% to 1%.

But isn’t “The Late Show” a better nickname? It’s available now that CBS cancelled Colbert.

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The Back Story:

– Bessent defends Fed independence and asks: Is Fed succeeding? Stats say: Yes. (The Basis Point)

– Bessent sees no reason for Powell to step down from Fed now (Bloomberg)

– Colbert tells Trump ‘go f— yourself’ after president taunts him over show cancellation (Fox News)

– Is Trump building a case for firing Fed chair Powell? (CNN)

– Fed letter to Trump administration about Federal Reserve building renovations (July 2025)