Fed, White House and Powell
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Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.
President Donald Trump’s White House is frantically trying to put out the blaze sparked by its own promises to expose whatever the federal government is hiding about disgraced financier Jeffrey Epstein. A Wall Street Journal bombshell has only flared up the rage, increasing the likelihood that this fire will keep burning all summer.
A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any guarantee of a courtroom victory for the White House.
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.
Rep. French Hill (R-Ark.), the chairman of the House Financial Services Committee, said on Thursday that he does not “believe” that President Trump can fire Federal Reserve Chair
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A Supreme Court ruling last week means planned reductions in force can continue, but unions and other groups will battle the administration at each step.
White House press secretary Karoline Leavitt declined to comment on the DOJ's sudden firing of federal prosecutor Maurene Comey, who handled major cases involving Jeffrey Epstein and Sean Combs. Comey issued a strong statement warning against fear-based governance.
A wildfire that has scorched more than 19,000 acres has forced visitors, employees and residents of the Grand Canyon North Rim to evacuate.