President Donald Trump is looking at removing Federal Reserve Chair Jerome Powell from the post, Kevin Hassett, director of the National Economic Council, said in a July 13 interview with ABC News.
When asked whether the president had the authority to fire the Fed chair, Hassett replied: “That’s a thing that’s being looked into. But certainly, if there’s cause, he does.”
Russell Vought, director of the Office of Management and Budget, recently criticized Powell, raising concerns about the $2.5 billion renovation of the central bank’s headquarters, which is already $700 million over budget.
Hassett was asked whether this could be a reason to fire Powell from the post of Fed chair….
Trump Looking Into Firing Powell, Kevin Hassett Says
