Trump escalates threats to fire US Federal Reserve Chair Powell
Al Jazeera·4h ago·Neutral
What Happened
President Trump threatened to fire Federal Reserve Chair Jerome Powell if Powell does not voluntarily step down when his term ends May 15. Trump told Fox Business he has wanted to fire Powell but avoided controversy. Legal experts say Trump cannot legally fire Powell from his board seat. Powell's successor Kevin Warsh awaits Senate confirmation next Tuesday, with some senators blocking approval pending investigation conclusions.
Key Entities
Donald TrumpJerome PowellFederal ReserveKevin WarshFox BusinessSenate Banking CommitteeThom Tillis