Trump Threatens Powell, Keeps Fed Renovation Probe Front and Center
TL;DR Summary
President Trump threatened to fire Federal Reserve Chair Jerome Powell if he doesn’t step down and refused to halt the Justice Department’s probe into the Fed’s $2.5 billion renovation, a move that tests the central bank’s independence and complicates Powell’s departure timeline and the nomination process for his replacement.
Topics:business#banking-and-credit#donald-trump#economy#federal-reserve-system#government-appointments-and-nominations#jerome-powell
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- Live updates: Donald Trump threatens Jerome Powell's job; House set to debate FISA The Hill
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