Trump, Powell and Fed
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President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the president.
Senate Republicans are warning President Trump that it would be a big mistake to follow through on his threat to fire Federal Reserve Chair Jerome Powell, saying it would likely send a “shock
Trump nominated Powell as Fed chair in 2017 but has butted heads with him ever since. US stock futures surged in after-hours trading Tuesday. Dow futures were up more than 500 points, or 1.3%.
President Trump said Tuesday he has "no intention of firing" Federal Reserve chair Jerome Powell, one day after the president called Powell a "major loser" and publicly lobbied the central bank ...
President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision …
Mr. Trump’s advisers have repeatedly told him that firing Mr. Powell is both legally and financially fraught — and that the uncertainty could cause a significant downturn in financial markets. Mr.