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Fed Has Gone Rogue — Fire Jerome Powell

Republican senators caution Trump against firing Fed chair Jerome Powell

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

CBS News on MSN · 19h

Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell

Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.

ABC News on MSN · 23h

Trump told GOP lawmakers he would 'likely' fire Powell, sources and officials say

The Republican lawmakers expressed their approval of Trump's intention to fire him, according to the White House officials and sources on Wednesday. According to one lawmaker in t

White House Seeks to Inspect Fed Renovation in Bid to Pressure Powell

Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access ...

Dow rises, Nasdaq heads for record after Trump says he's not considering firing Powell

All three major U.S. stock indexes were headed higher in Wednesday's final hour of trading after President Donald Trump soothed investors by saying he is not considering firing Federal Reserve Chair ...

22h

Stocks End Higher After Trump Plays Down Intentions to Fire Powell

The S&P 500 reverses earlier losses to close just shy of a record.

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