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Trump asked House Republicans if he should fire Fed Chair Powell, sources say

34d ago
World
CBS News
International affairs
President Trump reportedly polled House Republicans on whether he should dismiss Federal Reserve Chairman Jerome Powell, according to multiple sources speaking to CBS News. The query raises concerns about potential White House interference in the independence of the Federal Reserve, which is tasked with managing the nation's monetary policy. Such a move would be unprecedented and could significantly impact financial markets. The sources remain anonymous, and the White House has not yet commented on the matter. The Fed is currently navigating inflation and interest rate adjustments.
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