Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
Senator Tillis vowed to block the president's nominee for Fed chair until the investigation into Powell is dropped.
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Senator Tillis vowed to block the president's nominee for Fed chair until the investigation into Powell is dropped.
President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the bank's board after his term expires. The threat escalates a conflict involving a DOJ investigation into Fed construction costs and a Senate standoff over Powell's successor.
Senate Banking Committee Chairman
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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