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Trump walks back idea of firing Fed Chair Jerome Powell

CBS News · 12m

Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell

Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.

The Associated Press on MSN · 24m

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.

Reuters on MSN · 1h

Trump says he's not planning to fire Fed's Powell

U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell, after a Bloomberg report that the president is likely to do so soon sparked a drop in stocks and the dollar,

2h

Instant view: Markets gyrate on brief scare that Trump will fire Fed's Powell

The dollar briefly tumbled on Wednesday and Treasury bond yields popped higher on reports citing an unidentified White House ...

1h

Threats to Powell Stir Bond Market

Reports that President Trump was considering trying to remove Federal Reserve Chair Jerome Powell have had a clear, if modest ...

1don MSN

Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ...

1don MSN

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair ...

CCN on MSN1d

Scott Bessent Confirms Quest for Jerome Powell’s Replacement Has Begun — Who Will Inherit the Federal Reserve?

Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him ...

1don MSN

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower ...

3don MSN

Economic council head says Trump's ability to fire Fed's Powell is 'being looked into'

In an interview with ABC News, Kevin Hassett was also pressed on the president's decision to hit imports from Brazil with ...

Trump's Authority Over Federal Reserve Under Scrutiny

White House economist Kevin Hassett stated that President Trump could fire Federal Reserve Chair Jerome Powell if evidence of ...

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