How Trump Is Sabotaging Himself on the Federal Reserve
President Trump is threatening to fire Jerome Powell, potentially complicating his own efforts to install a new Federal Reserve Chair.
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President Trump is threatening to fire Jerome Powell, potentially complicating his own efforts to install a new Federal Reserve Chair.
President Trump is threatening to fire Fed Chair Jerome Powell, but his aggressive tactics and a DOJ investigation into Fed renovations are alienating Senate Republicans and potentially delaying the confirmation of his preferred successor, Kevin Warsh.
Senate Majority Leader
Treasury Secretary
Senate Banking Chair
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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