Trump reportedly plans to fire Fed Chair Powell 'soon' as pressure increases on the central bank

[Zorro]

President Trump appears to be inching closer to firing Jerome Powell as Federal Reserve chair, according to news reports and his own comments.

Bloomberg reported that the president is likely to fire Powell "soon," quoting a White House official, and CBS News reported Wednesday that Trump posed the question of whether he should do so during a meeting in the Oval Office Tuesday night with House GOP members.

Some lawmakers agreed; and several indicated he will do it.

These reports come after Trump on Tuesday told reporters that Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters “sort of is” a fireable offense.

Any final move by the president to oust the Fed chair could lead to a legal war with Powell, who has argued he can't be removed by law.

https://finance.yahoo.com/news/trump-reportedly-plans-to-fire-fed-chair-powell-soon-as-pressure-increases-on-the-central-bank-151534718.html