Fed, Trump and Jerome Powell
Digest more
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.
1hon MSN
Trump confirmed that in a White House meeting Tuesday night with about a dozen House Republicans he had discussed the “concept” of dismissing Powell.
3h
Investor's Business Daily on MSNTrump 'Likely To Fire Fed Chief Powell 'Soon,' Says White House Official; S&P 500 FallsPresident Donald Trump is "likely" to fire Fed chief Jerome Powell "soon," a senior White House official told CNBC. The S&P 500 fell.
President Donald Trump hosted Bahrain’s Crown Prince Salman bin Hamad Al Khalifa at the White House on Wednesday, but attention quickly shifted to Federal Reserve Chair Jerome Powell amid speculation that the president might fire him.
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?
Explore more
The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday.
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.
The president has repeatedly expressed frustration over the central bank’s decision to hold interest rates steady instead of lowering them.
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."