US Edition
Trump threatens to fire Fed Chair Powell if he does not step down
Trump said the probe into the Fed headquarters renovation must continue, while Kevin Warsh’s confirmation remains delayed and Thom Tillis vows to block nominees.
- On Wednesday, President Donald Trump told Fox Business he would fire Federal Reserve Chair Jerome Powell if he does not step aside when his chair term expires May 15.
- The Department of Justice is investigating the Federal Reserve headquarters renovation, which Trump claims costs more than $3 billion, citing the project as evidence of incompetence rather than criminal conduct alone.
- North Carolina Republican Sen. Thom Tillis has vowed to block the confirmation of nominee Kevin Warsh until the investigation concludes, delaying the leadership transition and complicating Trump's efforts to install his preferred successor.
- Powell previously stated he has no intention of leaving the board until the investigation concludes with "transparency and finality," citing his remaining two years as a governor beyond the May 15 chair deadline.
- While Trump indicated he would fire Powell if he remains, Fed regulations allow the chair to potentially serve as chair pro tempore in the interim, though legal experts note removing a governor is legally dubious.
177 Articles
177 Articles
Trump’s quest for more sway over Fed faces fresh hurdles
WASHINGTON — After years of criticizing the Federal Reserve’s leadership and trying to browbeat policymakers to slash interest rates, President Donald Trump is running out of time to install his pick to lead the central bank when Jerome Powell’s term…
Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer
Ever since Trump announced that former Fed Governor Kevin Warsh was his nominee to lead the central bank, there was a question: Would Trump now end his feud with current chairman Jerome Powell (whom he also nominated in 2017) to clear the path for a shiny, new face behind the podium?It seems not.The president told Fox News in an interview published yesterday that he wouldn’t be dropping a criminal probe into Powell over renovations to the Fed bu…
Hawaii Tribune-Herald
Trump threatens to fire Powell if he does not resign from Fed
President Donald Trump vowed to fire Jerome Powell if he opted to stay on at the Federal Reserve after his term as chair ends, doubling down on a criminal investigation into the central bank that is threatening to delay the confirmation of Powell’s successor. The post Trump threatens to fire Powell if he does not resign from Fed appeared first on Hawaii Tribune-Herald.
Missoulian
President threatens Federal Reserve chief
WASHINGTON — President Donald Trump threatened Wednesday to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed…
President Donald Trump once again threatened that he would send the President of the Federal Reserve, Jerome Powell, and said that the investigation on refurbishment of the central bank's headquarters should continue, transmit to the CNBC, according to News.ro.
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