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Trump Inquires with Congressmen about Firing Powell, Sources Say Action Hinted
Summary: According to CBS News, multiple direct sources revealed that on Tuesday, Trump asked a group of House Republicans whether he should dismiss Federal Reserve Chairman Powell, with those present expressing agreement. Several sources indicated that Trump has hinted at taking action. The act of firing the Fed Chair has no legal precedent - federal law ...
According to CBS News, multiple direct sources revealed that on Tuesday, Trump asked a group of House Republicans whether he should dismiss Federal Reserve Chairman Powell, with those present expressing agreement. Several sources indicated that Trump has hinted at taking action. The act of firing the Fed Chair has no legal precedent - federal law stipulates that the Fed Chair can only be dismissed for valid reasons. This move could have serious negative impacts on financial markets. Government insiders told CBS News that Trump has mentioned the possibility of firing Powell for valid reasons in public and private remarks, but the White House has not yet established a legal basis.
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Link: Trump Inquires with Congressmen about Firing Powell, Sources Say Action Hinted [Copy]
