Trump Says He Will Fire Powell Next Month If He Stays in His Role at the Fed

Trump Says He Will Fire Powell Next Month If He Stays in His Role at the Fed

Key Points President Donald Trump has escalated his confrontation with Federal Reserve Chair Jerome Powell, saying he will fire Powell next month if he stays on at the central bank after his chairmanship ends. Trump’s comments, reported in Fox Business remarks and confirmed by multiple outlets, add fresh pressure to an already tense fight over … Read more

A New Chair, A New Risk: Trump Taps Kevin Warsh to Replace Jerome Powell at the Fed

Trump Taps Kevin Warsh to Replace Jerome Powell at the Fed

Key points What the White House announced (Trump Taps Kevin Warsh) President Trump said today he intends to nominate Kevin Warsh as the next chair of the Federal Reserve, calling him “highly respected” and capable of restoring favorable financial conditions. The nomination begins a Senate confirmation process that will test whether lawmakers see Warsh as … Read more