Trump discussed firing Fed boss but 'highly unlikely' he will
34d ago
Business
BBC Business

President Trump has acknowledged discussing the possibility of firing Federal Reserve Chairman Jerome Powell. The president initially raised the prospect of Powell's dismissal but later appeared to walk back those comments. Sources suggest that while the discussion occurred, actually removing Powell remains 'highly unlikely.' The incident highlights ongoing tensions between the White House and the Federal Reserve regarding monetary policy and economic management. This isn't the first time Trump has publicly criticized Powell and the Fed's decisions, leading to speculation about the president's level of influence on the central bank's independence.