Jerome Powell, Federal Reserve and Trump
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The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
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.
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.
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 Jerome Powell from the helm of the central bank,
President Donald Trump’s feud with Federal Reserve Chair Jerome Powell continues to escalate, as the president openly discussed firing Powell in meetings with Republican lawmakers and in public remarks.