Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month
President Trump threatened to fire Federal Reserve Chair Jerome Powell if he stays on the board past his term expiration.
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President Trump threatened to fire Federal Reserve Chair Jerome Powell if he stays on the board past his term expiration.
President Trump threatened to fire Fed Chair Jerome Powell if he remains on the board after his term ends. The standoff involves a pending DOJ investigation and Senator Thom Tillis's refusal to confirm successor Kevin Warsh until that probe is dropped.
U.S. Senator from North Carolina
President Trump has threatened to fire Fed Chair Jerome Powell if he does not resign by May 15, citing alleged mismanagement of a multi-billion dollar headquarters renovation. Right-leaning outlets like Fox Business and The Daily Caller focus on Trump's accusations of "incompetence" and his push for nominee Kevin Warsh. In contrast, left-leaning sources such as RawStory and MS NOW frame the ultimatum as a personal "vendetta" that faces significant judicial and legislative pushback.
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