Trump vows to remove Powell if he doesn’t quit as Fed chair after successor is confirmed

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Source: CNBC
Trump vows to remove Powell if he doesn’t quit as Fed chair after successor is confirmed
Photo: CNBC
TL;DR Summary

President Trump again threatens to fire Federal Reserve Chair Jerome Powell if he remains as a Fed governor after his successor is confirmed, while Powell says he’ll stay on until a replacement is named. Warsh is nominated to succeed Powell, but Sen. Tillis is blocking the nomination until the Fed headquarters renovation probe is finished; Trump also reiterates calls for lower interest rates.

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