Trump Renews Attacks on Fed Chair Powell, Weighs Removal
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President Trump renewed his attacks on Federal Reserve Chair Jerome Powell, urging interest rate cuts and questioning whether Powell can be removed. The White House is reportedly exploring legal options to dismiss Powell, despite Powell's assertion that he cannot be legally fired before his term ends in 2026. Trump's criticism stems from Powell's concerns about Trump's tariffs impacting inflation and employment goals. Democrats warn that firing Powell would negatively impact financial markets.
President Trump renewed his attacks on Federal Reserve Chair Jerome Powell, urging interest rate cuts and questioning whether Powell can be removed. The White House is reportedly exploring legal options to dismiss Powell, despite Powell's assertion that he cannot be legally fired before his term ends in 2026. Trump's criticism stems from Powell's concerns about Trump's tariffs impacting inflation and employment goals. Democrats warn that firing Powell would negatively impact financial markets.
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