Jerome Powell, Donald Trump
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President Trump denies he’s considering firing Federal Reserve Chair Jerome Powell, but his administration has ramped up its criticism of the central bank’s $2.5 billion office renovation. WSJ’s Nick Timiraos explains why.
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 Trump said it was "highly unlikely" he would fire Jerome Powell, but also said he discussed the idea with Republican lawmakers who expressed support.
U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief and declined to completely reject the possibility of ousting him.