Trump vows to fire Powell if he stays on as Fed chairman

1 min read
Source: CNN
Trump vows to fire Powell if he stays on as Fed chairman
Photo: CNN
TL;DR Summary

President Trump says he’ll fire Federal Reserve Chair Jerome Powell if he doesn’t step aside when his term ends next month (May 15). Kevin Warsh’s Senate-confirmation hearing is set for April 21, but Tillis and others want the DOJ’s criminal probe into Powell’s handling of the Fed renovation to conclude first; Powell has said he won’t step down until the investigation is resolved, and Trump has criticized him as a disaster while signaling Powell could stay on as acting chair if Warsh isn’t confirmed.

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