Trump Shreds Fed Chair Jerome Powell
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If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
Whatever the Fed chief’s errors, canning him early would be an economic and legal mistake.
President Donald Trump said Tuesday he had “no intention of firing” Federal Reserve Chair Jerome Powell.
President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ...
President Trump is threatening to remove Federal Reserve Chair Jerome Powell. Whether such a move is legal could soon be decided by the Supreme Court.
Supreme Court says Fed is unique, easing worries over Trump's ability to fire Powell "The Federal Reserve is a uniquely structured, quasi-private entity," the court's majority wrote.
Powell has said he believes his firing would not be permitted under the law. The Fed system's seven governors, including the system chair, are appointed by the president and confirmed by the Senate.
By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday.
By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday. The ...