Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
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Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
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President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night.
While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation.
In response to multiple similar reports, President Trump says his administration is “very concerned”, but “not planning on doing anything” about Fed Chair Jerome Powell.
Paul Sweeney and Lisa Mateo speak with Bloomberg analysts and reporters about the potential fallout if Mr. Powell were to be fired.
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