Trump privately indicates he may soon fire Fed chair Jerome Powell https://ift.tt/fech7Eo Callum Jones in New York The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack him Can Trump fire Federal Reserve chair Jerome Powell? Donald Trump has privately indicated he is on the verge of firing the Federal Reserve chair, Jerome Powell, rattling Wall Street and renewing questions over the US central bank’s independence. The US president insisted on Wednesday that it was “highly unlikely” he would dismiss the Fed chair, after reports he had suggested he would and shown a draft letter dismissing Powell to political allies. Continue reading... https://ift.tt/pxwzk0o July 16, 2025 at 07:48PM

The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack him

• Can Trump fire Federal Reserve chair Jerome Powell?

Donald Trump has privately indicated he is on the verge of firing the Federal Reserve chair, Jerome Powell, rattling Wall Street and renewing questions over the US central bank’s independence.

The US president insisted on Wednesday that it was “highly unlikely” he would dismiss the Fed chair, after reports he had suggested he would and shown a draft letter dismissing Powell to political allies.

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from The Guardian https://ift.tt/fech7Eo