Donald Trump told Fox Business on Tuesday he will fire Federal Reserve Chair Jerome Powell if Powell does not leave when his term expires next month.
“I’ll have to fire him, OK, if he’s not leaving on time,” Trump said. “I’ve held back firing him. I’ve wanted to fire him, but I hate to be controversial.”
Trump’s remarks landed hours after prosecutors from U.S. Attorney Jeanine Pirro’s office showed up unannounced at the Fed’s $2.5 billion renovation site.
A federal judge threw out the probe’s subpoenas last month, finding it appeared designed to pressure Powell into lowering rates.
Powell has said he will stay on as chair pro tem if his successor is not confirmed by May 15. Trump’s nominee, former Fed governor Kevin Warsh, has a confirmation hearing set for April 21, but Sen. Thom Tillis (R-NC) has refused to vote for any Fed nominee until the DOJ drops its …
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