Hello and welcome to the details of White House studying if Trump can fire US Federal Reserve chief Powell amid economic clash and now with the details
Nevin Al Sukari - Sana'a - Federal Reserve Chair Jerome Powell speaks during an Economic Club of Chicago event on April 16, 2025 in Chicago, Illinois. — AFP pic
WASHINGTON, April 19 — US President Donald Trump and his administration are studying whether dismissing independent Federal Reserve chief Jerome Powell is an option, his top White House economic aide said yesterday.
“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters when asked if firing the central bank chief was a possibility, one day after Trump lashed out at him.
The US president does not have direct authority to fire Federal Reserve governors, but Trump could initiate a lengthy process to attempt to unseat Powell by proving there was “cause” to do so.
Trump has frequently criticised the Fed chairman, whom he originally nominated during his first term, accusing Powell of playing politics.
Powell had warned Wednesday that Trump’s sweeping tariffs would likely push up prices and constrain economic growth, and could put the Fed in the unenviable position of having to choose between tackling inflation and unemployment.
On Thursday, the Republican president insisted that he could force Powell out.
“I’m not happy with him. I let him know it and if I want him out, he’ll be out of there real fast, believe me,” Trump said. — AFP
These were the details of the news White House studying if Trump can fire US Federal Reserve chief Powell amid economic clash for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
