Trump Threatens to Fire Powell — Again
Jerome Powell’s days as Federal Reserve chairman are numbered. That’s according to President Donald Trump , who spoke with Fox News’ Maria Bartiromo in an interview that aired Wednesday morning. “If he’s not leaving on…
Jerome Powell’s days as Federal Reserve chairman are numbered.
That’s according to President Donald Trump, who spoke with Fox News’ Maria Bartiromo in an interview that aired Wednesday morning.
“If he’s not leaving on time — I’ve held back firing him, I’ve wanted to fire him, but I hate to be controversial,” Trump said.
Powell’s tenure is up on May 15. Trump has picked Kevin Warsh to replace him on April 21 when a confirmation hearing will be held.
The ongoing federal investigation into Powell has complicated the matter.
Democrats and some Republicans have said the investigation is politically motivated.
Powell is currently being investigated over the central bank’s $2.5 billion renovation of its Washington, D.C., headquarters.
When the investigation started, Powell said in a video statement that it was “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.”