Fed, Trump and Jerome Powell
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The Trump administration has doubled down on its investigation into the Fed chair despite a judge ruling it was politically motivated.
Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
President Trump threatened Wednesday to fire Federal Reserve Chair Jerome H. Powell if he doesn't step down from the Fed in the coming weeks.
News of the unannounced visit by prosecutors comes as Trump has again threatened to fire Powell, if the Federal Reserve Chair decides to stay on the central bank’s governing board after his term as chair expires next month.
President Trump failed to remember that one of his biggest GOP critics —Representative Thom Tillis—is still a sitting senator, right before forgetting when Supreme Court Justi