Reported about 21 hours ago
President Donald Trump is reportedly exploring the possibility of firing Federal Reserve Chair Jerome Powell, as indicated by White House economic adviser Kevin Hassett. This comes amid ongoing tensions over interest rate policies, with Trump criticizing Powell for not reducing rates and suggesting he has the authority to remove him quickly. Powell has previously stated that he believes his removal would be illegal and intends to fulfill his term until May 2026. The situation raises concerns about the independence of the Fed and its impact on global markets.
Source: YAHOO