White House, Donald Trump and Jerome Powell
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President Trump said he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the
The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?
Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.
Powell was nominated by Trump in November 2017 and was confirmed by the Senate in January 2018. The Fed chair’s term lasts four years, and Biden did indeed nominate Powell for a second term, though Trump tries to make it sound like he had nothing to do with Powell’s first appointment.
The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday.
President Trump said it was "highly unlikely" he would fire Jerome Powell, but also said he discussed the idea with Republican lawmakers who expressed support.
The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.
The president has repeatedly expressed frustration over the central bank’s decision to hold interest rates steady instead of lowering them.
WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
What a player President Donald Trump is. Just as he was losing control of the Jeffrey Epstein story, rumors suddenly started circulating out of Trump’s White House that he was poised to fire Jerome Powell,