US EditionTrump will likely fire Fed Chair Powell ‘soon,’ Bloomberg reports
WASHINGTON, DC, JUL 16 – Trump showed GOP lawmakers a draft letter to fire Fed Chair Powell, citing mismanagement of a $2.5 billion renovation and frustration over interest rate policies, officials said.
- President Trump reportedly plans to fire Federal Reserve Chair Jerome Powell 'soon.'
- Trump has launched a multi-pronged attack on Powell, pushing the central bank to lower interest rates.
- Firing Powell could undermine the Fed's independence and lead to higher inflation, interest rates, and a weaker economy, according to the report.
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der Standard DEA throw-out of the U.S. top currency keeper carries legal and economic risks. Nevertheless, the president believes that he has found a lever
·Vienna, Austria
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Coverage Details
Total News Sources184
Leaning Left28Leaning Right22Center65Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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