Prosecutors visit Fed HQ site; Trump threatens to fire Powell over renovation probe
President Donald Trump again threatened to fire Jerome Powell if Powell remains on the Fed’s governing board after his chair term ends.
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President Donald Trump again threatened to fire Jerome Powell if Powell remains on the Fed’s governing board after his chair term ends.
Republished from Scrippsnews, with credit to the original publisher.
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Federal prosecutors visited the Federal Reserve headquarters renovation site, but a prosecutor had previously said the investigation had found no evidence of a crime. President Donald Trump again threatened to fire Jerome Powell, while the investigation has delayed Senate consideration of Trump’s nominee to replace him.
Fed chair targeted by Trump’s threat and by the investigation
Powell's version of this story ↗Trump’s nominee to replace Powell
Senator opposing confirmation votes while the investigation continues
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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