Trump says it is highly unlikely he will fire US Fed chair
Summary
President Donald Trump said it is very unlikely he will remove Jerome Powell, the chair of the US Federal Reserve. This followed reports that Trump had considered the idea, despite his ongoing criticism of Powell's handling of interest rates.Key Facts
- President Trump said it is "highly unlikely" he will fire Federal Reserve Chair Jerome Powell.
- Trump had discussed with lawmakers the possibility of removing Powell.
- The Federal Reserve is an independent organization separate from the White House.
- Trump has criticized Powell for not lowering US interest rates.
- Trump appointed Powell during his first term as president.
- Trump stated he would only consider removing Powell if fraud were involved.
- Powell has said the White House does not have the authority to fire him over policy disagreements.
- White House officials mentioned Powell can be removed for cause, which means a valid reason.
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.
