Trump sets stage for showdown with Powell over who runs the Fed in mid-May
Chairman Jerome Powell stated he intends to remain on the board until a Justice Department investigation into the Fed reaches a conclusion.
Part of a bigger event
Trump Issues May 15 Resignation Ultimatum to Fed Chair Jerome Powell23 articles·21 sources·Avg cred 64/100
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tl;dr
President Trump has threatened to fire Fed Chair Jerome Powell if he remains past his term in May, creating a legal standoff over central bank independence while the confirmation of successor Kevin Warsh remains stalled in the Senate.
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