Latest / Bloomberg Intelligence
Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
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…
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