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Trump Threatens Powell Over Fed Leadership
Bloomberg·
President Donald Trump has publicly stated his intention to remove Federal Reserve Chair Jerome Powell from his position if Powell does not resign. Trump indicated that this threat is contingent on Powell's timeline for stepping down. Furthermore, the President confirmed that he would not halt the Justice Department's ongoing investigation into the central bank's leader. This statement signals significant political pressure on the Federal Reserve's independence and its leadership.
Tags
regulation
macro
Original Source
Bloomberg — www.bloomberg.com