Trump calls it 'highly unlikely' he'll fire Fed chair Powell
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Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
The US president regularly blasts the central bank chair, whom he appointed. Now Trump’s allies appear to be building a case for firing him
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank,
Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
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.
President Trump was asked about his continued criticism of Fed Chair Jerome Powell and urged him to lower interest rates. The president said firing Powell was "highly unlikely" but he wouldn't rule out anything.
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
Short-term U.S. interest-rate futures rose on Wednesday after a report that President Donald Trump is likely to fire Federal Reserve Jerome Powell soon, with traders now betting on rate cuts starting in September and at least one more by December.
President Trump indicated to Republican lawmakers that he plans to fire Federal Reserve Chair Jerome Powell, a senior White House official told The Hill. The suggestion came during an Oval Office
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
Reports that President Trump was considering trying to remove Federal Reserve Chair Jerome Powell have had a clear, if modest, effect on the bond market—even after Trump told reporters that he [wasn’t “planning on doing anything.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.