Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month
Senator Tillis stated he would block confirmation of any Fed nominees until the DOJ investigation into Powell is dropped.
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Senator Tillis stated he would block confirmation of any Fed nominees until the DOJ investigation into Powell is dropped.
President Donald Trump threatened to fire Federal Reserve Chair Jerome Powell if he refuses to vacate his position when his term expires next month. The standoff involves Powell's insistence on staying until a successor is confirmed or a pending investigation is resolved.
Outlets across the spectrum report on Senator Tillis's refusal to confirm Fed nominees until the DOJ probe into Jerome Powell is resolved. Left-leaning sources like RawStory emphasize Tillis's sharp rhetoric calling the investigation a "bogus" revenge crusade, while Fox News frames the situation as a deepening "tiff" between the Senator and President Trump that threatens the new chair's confirmation.
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