Trump denies that he plans to fire Powell: 'Highly unlikely'
33d ago
Business
CNBC
President Trump has stated it is 'highly unlikely' he will fire Federal Reserve Chairman Jerome Powell, following a Supreme Court indication that the president lacks the authority to remove the Fed Chair without cause. The statement aims to quell speculation about Powell's future at the central bank, which had been fueled by reports of Trump's dissatisfaction with the Fed's interest rate policies. The Supreme Court's stance reinforces the Fed's independence from direct political influence, a key tenet of its operational structure.