Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
President Trump threatened to fire Jerome Powell if the Fed Chair remains on the board after his term as chair expires.
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President Trump threatened to fire Jerome Powell if the Fed Chair remains on the board after his term as chair expires.
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
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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