Trump's Potential to Fire Fed Chair Powell Sparks Market Concerns
TL;DR Summary
Kevin Hassett indicated that President Trump has the authority to fire Federal Reserve Chair Jerome Powell if there is cause, amid ongoing scrutiny and criticism of Powell's management and the Fed's headquarters renovation project, with the administration possibly considering removing Powell before his term ends next spring.
- Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett CNBC
- Federal Reserve quietly responds to Trump administration attacks over renovation CNBC
- Trump could potentially fire Powell over Fed renovations, Hassett says Axios
- 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
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