White House Examines Options to Remove Fed Chair Powell Amid Tensions
TL;DR Summary
National Economic Council Director Kevin Hassett indicated that President Trump’s authority to fire Federal Reserve Chair Jerome Powell is being examined, amid ongoing tensions over interest rate policies and recent criticisms of the Fed’s management and renovations, with broader implications for the independence of the Federal Reserve and potential use of trade tariffs for political leverage.
- Economic council head says Trump's ability to fire Fed's Powell is 'being looked into' NBC News
- Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett CNBC
- White House Seizes on Fed Renovations as Opening to Oust Powell The Wall Street Journal
- Risk of Powell ouster is underpriced, Deutsche Bank strategist says Fortune
- Fannie Mae chairman ‘encouraged’ by chatter Powell may consider quitting amid Trump tiff The Hill
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