Trump says he has 'no intention' of firing Fed Chair Powell

The monetary independence of the United States Federal Reserve (Fed), which is the world's largest central bank, is at risk, and whose president and chief official, Jerome Powell, has been threatened by the White House to be ousted.Financial markets and investors fear that President Donald Trump will meet his threat to remove Powell before the end of his term as head of the Fed.Trump has publicly criticized the head of the U.S. central bank for …

The US President leaves Fed boss Powell in office. If the central bank does not lower interest rates in May, this could change. The consequences would be serious.

Trump says he has 'no intention' of firing Fed Chair Powell

Powell, whom Trump appointed Fed chair during his first term as president, has flatly stated that the president cannot remove him under the law.

DEXYPTAGE - If he wishes to get rid of Jerome Powell, the 47th President of the United States has no legal right to do so. Even if there is a legal blurry surrounding this issue, which knows no case law.

Can Trump fire Jerome Powell as Federal Reserve chair? Here’s what to know

President Donald Trump may have thought highly of Federal Reserve Chair Jerome Powell when he nominated him to head the central bank in 2017 during his first term as president, but no more.Read more...

COMMENT. Donald Trump has threatened to fire the US Federal Reserve chairman if he doesn't cut interest rates. But his opponent is rich enough to respond, and it's not at all certain that Powell's successor will do as Trump wants.