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Trump Team to Explore Ousting Fed Chair Powell
Summary: The Trump administration is considering the possibility of removing Federal Reserve Chairman Jerome Powell, White House economic adviser Kevin Hassett said Friday. Asked by reporters at the White House whether firing Powell was an option, Hassett stated, "The president and his team will continue to look at that." Hassett's remarks came a day ...
The Trump administration is considering the possibility of removing Federal Reserve Chairman Jerome Powell, White House economic adviser Kevin Hassett said Friday.
Asked by reporters at the White House whether firing Powell was an option, Hassett stated, "The president and his team will continue to look at that."
Hassett's remarks came a day after President Donald Trump intensified his long-standing feud with Powell, accusing him of "playing politics" by not lowering interest rates. Trump also asserted he had the authority to "demote" Powell "if I want to do that."
