Learn English: Trump Considers Firing Federal Reserve Chair (normal)

1 day, 3 hours ago

Trump Considers Firing Federal Reserve Chair

President Trump showed House Republicans a draft letter to fire Jerome Powell, the head of the Federal Reserve, during a Tuesday night meeting.

He essentially polled the Republicans present, gauging their support before deciding whether to execute the potentially controversial action.

Although Trump initially indicated his intention to fire Powell, his later statements suggested he might adopt a more moderate stance.

This unexpected discussion, amidst a separate meeting regarding crypto-legislation, underscores Trump's persistent frustration with Powell's economic policies.

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Source

Original: NY Times (Business)

Tags

#Donald Trump #Jerome Powell #Federal Reserve #Politics #Economy

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