Trump fumes as Jerome Powell plots future at Federal Reserve
Summary
Federal Reserve Chair Jerome Powell announced he will stay on the Fed board even after Kevin Warsh becomes chair. This decision has upset some people connected to President Donald Trump’s administration and supporters.Key Facts
- Jerome Powell is currently the Chair of the Federal Reserve, the U.S. central bank.
- Powell plans to remain on the Federal Reserve board after his term as Chair ends.
- Kevin Warsh is set to take over as Chair of the Federal Reserve.
- Powell said he wants to stay due to ongoing legal challenges the Fed faces.
- People connected to President Donald Trump’s administration disagree with Powell’s decision.
- The Federal Reserve board members help guide U.S. monetary policy and oversee the central bank’s actions.
- Powell announced his plan publicly on a Wednesday.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.