Trump Vows to Fire Fed Chair Powell if He Stays Past Term
US president says he will remove Powell as head of the Federal Reserve if he does not step down by the end of his tenure in May.
President Trump has threatened to fire Jerome Powell as chair of the Federal Reserve if he does not step down by the end of his term in May. The White House has been pushing for Kevin Warsh, Trump's new nominee, to take over the role, leading to growing scrutiny of the president's approach to the Fed in the Senate, which must approve Warsh's nomination.
Trump has been openly critical of Powell's leadership of the central bank, repeatedly attacking his interest rate hikes and other policies. The president claims he has 'held back' on firing Powell so far, but has now threatened to remove him from the position if he remains past the official end of his term.
Quelle: The Guardian
