Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
President Trump threatened to fire Jerome Powell if the Fed Chair remains past his term, citing frustration over interest rate policy.
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Trump Issues May 15 Resignation Ultimatum to Fed Chair Jerome Powell49 articles·46 sources·Avg cred 64/100
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tl;dr
President Trump threatened to fire Federal Reserve Chair Jerome Powell if Powell attempts to remain on the board past his term. The standoff involves a stalled successor confirmation and a Justice Department investigation into Powell's past Senate testimony.
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