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Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.
If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom ...
Live updates and the latest news as the Senate sends PBS, NPR, foreign aid clawbacks to the House and senators consider Emil ...
Former deputy Treasury Secretary Roger Altman said he did not think Jerome Powell would agree to leave if the president asked ...
Economists interviewed by Newsweek warned that removing Powell now would roil markets, erode trust in U.S. institutions and ultimately hurt ordinary Americans.
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
President Donald Trump called on Fed Chair Jerome Powell to "resign immediately Wednesday in the latest escalation in the feud between the two over interest rates.
Trump has mused about firing Powell, whom he appointed to the job in 2017. Powell’s term ends in 2026.
President Trump on Monday shared a handwritten note to Federal Reserve Chairman Jerome Powell urging him to lower interest rates, his latest attempt to push the central bank to do so.
President Trump criticized Fed Chairman Powell over interest rates, seeking a replacement who would lower rates as the U.S. faces refinancing $9 trillion in debt.
Trump has ramped up pressure on Fed Chair Powell to cut rates. There's one big reason it probably won't work.
Kevin Warsh, Kevin Hassett and Scott Bessent are among those under consideration as Trump evaluates their commitment to cutting rates—and “made-for-TV” appeal.
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