Trump, Powell
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P resident Donald Trump will tour the historic Eccles Building in Washington, D.C., today, ostensibly to examine the now-controversial $2.5 billion renovation of the Federal Reserve’s headquarters.
If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
President Trump has seized on the Federal Reserve’s multibillion-dollar makeover as a possible avenue for finally ousting its politically independent chair, Jerome Powell. Trump has
A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any guarantee of a courtroom victory for the White House.
President Donald Trump‘s bids to replace a litany of independent agency heads have prompted legal challenges from the Left, which could end up with the Supreme Court revisiting a 90-year-old precedent related to the president’s firing power.
Trump told reporters last week that he had talks with Congress members of removing the Central Bank Chair, during which he claimed that most of them agreed to his view. Though he added that “We’re not
As Trump allies intensify criticism of Jerome Powell, Treasury Secretary Scott Bessent urges caution, warning of legal chaos and market turmoil if the Fed chief is removed before his term ends.