Trump sets stage for showdown with Powell over who runs the Fed in mid-May
Chairman Jerome Powell stated he intends to remain on the board until a Justice Department investigation into the Fed reaches a conclusion.
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Chairman Jerome Powell stated he intends to remain on the board until a Justice Department investigation into the Fed reaches a conclusion.
President Trump has threatened to fire Fed Chair Jerome Powell if he remains past his term in May, creating a legal standoff over central bank independence while the confirmation of successor Kevin Warsh remains stalled in the Senate.
Right-leaning outlets like The Gateway Pundit focus on the DOJ investigation into Fed headquarters construction, framing Powell as "stonewalling" prosecutors. In contrast, left-leaning sources such as RawStory describe the move as a "vendetta" and highlight Powell’s commitment to protecting the central bank's independence from political interference.
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