Fed, White House and Jerome Powell
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WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
1don MSN
President Trump asked a group of Republican lawmakers how they felt about him firing Federal Reserve Chair Jerome Powell and told them he would "likely" fire Powell "soon," according to two White House officials and sources familiar with the Tuesday evening meeting.
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
President Donald Trump discussed the possibility of firing Federal Reserve Chairman Jerome Powell with GOP lawmakers on Tuesday. When asked about it in the Oval Office, he said, “I don’t rule out anything,