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WH Official: Trump Likely To Fire Fed Chair Powell Soon, No Exact Timeline For Decision

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Trump Likely to Fire Powell Soon, White House Official Says

From bloomberg.com

President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night. While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation. The president has repeatedly expressed frustration over the central bank’s decision to hold interest rates steady, and administration ... (full story)

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