Fed, Donald Trump and Powell
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Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
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. That may be why Trump hasn’t done so.
Whatever the Fed chief’s errors, canning him early would be an economic and legal mistake.
2don MSN
Donald Trump is again considering firing Federal Reserve Chairman Jerome Powell, potentially igniting a complex legal battle. Powell asserts his removal is unlawful and vows to resist. The dispute centers on the "for cause" clause for dismissing Fed board members,
High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.
President Donald Trump said Tuesday he had “no intention of firing” Federal Reserve Chair Jerome Powell. The message is a stark change from just a day earlier, when Trump called Powell a ...
But it has clearly been on Trump's mind. The Wall Street Journal reported at one point that Trump had discussed firing Powell and replacing him with Kevin Warsh, who served as a Fed governor ...
The former president has previously claimed he can fire Powell, but legal experts aren't quite so sure. For the moment, Trump appears more focused on his legal problems as some in his orbit remain ...