Trumpland

Report: Angry Trump Has Talked About Firing Federal Reserve Chairman Jerome Powell

CHOPPING BLOCK?

Heā€™s upset about stock-market declines and this weekā€™s interest-rate hike, Bloomberg reported.

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REUTERS/Yuri Gripas / Reuters

President Trump is so upset about this weekā€™s interest rate hike that he has repeatedly talked about firing Federal Reserve Chairman Jerome Powellā€”a move that would likely send shock waves through the financial sector, Bloomberg News reported. Some of Trumpā€™s advisers have reportedly warned him against such a drastic, unprecedented move and are hoping he drops the idea. Itā€™s unclear how much authority Trump even has to give Powell the ax, but that has not stopped him from discussing it ā€œmany timesā€ in recent days amid stock-market declines, Bloomberg reported. The White House and the Federal Reserve declined to comment.

Read it at Bloomberg