Trump's Tensions with Fed Chair Powell Escalate Amid Market Gains
TL;DR Summary
The Trump administration is divided over whether President Trump can legally fire Federal Reserve Chair Jerome Powell before his term ends, with legal experts debating the interpretation of 'cause' for removal and the potential for a messy legal battle, while some officials prefer to let Powell serve out his term to maintain independence.
- The Trump camp’s tug of war over Fed Chair Jerome Powell’s future New York Post
- Fed Chair Powell responds to White House questions about HQ renovation CNBC
- Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’ The Guardian
- Equities and dollar rise with encouragement from economic data and earnings Reuters
- Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It. The New York Times
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