Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term expires next month.
Powell’s tenure as chair expires on May 15. Trump’s pick for a replacement, Kevin Warsh, has yet to be confirmed by the Senate and the full chamber. That leaves the potential for Powell to remain in place as chair “pro tempore,” per Fed regulations.
Powell confirmed at a press briefing in March that if Warsh isn’t confirmed by the Senate by May 15, Powell would remain as Fed chair “pro tem” in the interim. “That’s what the law calls for. That’s what we’ve done on several occasions,” Powell said at the time.
Hasn’t it already been made clear he can’t fire this guy ?
He can’t do a lot of the stuff our wonderful federal government are letting him do.
That’s true.
I could not imagine a dumber possible move than trying to lower interest rates when gas is this high, wtf
Everything Trump does makes perfect sense if you assume his goal is to destroy the United States.
Who thought a asshole like Powell is at odds with a asshole like trump? Two unfeeling childish narcs not getting along. Never happened before. /s
No, he won’t.
