Trump threatens to fire Powell if the Fed chair doesn't leave office on his own
Trump threatens Powell amid Fed leadership transition
President Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not resign following the confirmation of his successor, Kevin Warsh. Trump expressed his frustration over ongoing investigations into the Fed's headquarters renovation, asserting that Powell's continued presence could lead to his dismissal. Powell's term as chair ends on May 15, but he has indicated he will remain until a successor is confirmed, despite the political tensions surrounding his position.
Key Takeaways
- 1.
Trump stated he will fire Powell if he does not resign after his successor is confirmed.
- 2.
Powell's term as chair ends on May 15, but he has two years remaining as governor.
- 3.
Sen. Thom Tillis plans to block Kevin Warsh's nomination until the investigation concludes.
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