Trump won’t fire Powell
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The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
WASHINGTON] US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026. Read more at The Business Times.
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.”Asked in an interview on ABC News’ “This Week” whether he believes President Donald Trump has the authority to fire Powell,
President Trump has signaled he is looking to name a replacement for Federal Reserve Chair Jerome Powell far earlier than usual—in a bid to undermine him. Here's how the "shadow chair" gambit could work,
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Treasury Secretary Scott Bessent on Tuesday said that the process to pick a new chairman of the Federal Reserve has started, ahead of chair Jerome Powell’s term ending in 2026 and amid growing pressure from the White House for him to step aside early.