“President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome H. Powell if he does not step down from the central bank,” the Washington Post reports.
Said Trump: “I’ll have to fire him. If he’s not leaving on time.”
“Trump also refused to distance himself from the Justice Department’s criminal probe into the Fed’s $2.5 billion office renovation, which prosecutors have used to ratchet up pressure on the Fed even as its legal standing has crumbled in court. Asked whether he would direct the department to stand down from the investigation, which a federal judge last month found to be part of a broader White House pressure campaign, Trump declined.”
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