Trump, Jerome Powell and Fed
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2don MSN
The court signaled again that it believes the president has the power to fire the leaders of agencies and commissions that Congress said were independent.
The Supreme Court on Wednesday said it will allow President Trump to fire three members of the independent Consumer Product Safety Commission.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
Carol Schleif, chief market strategist, BMO Private Wealth, says that while Trump is unlikely to fire Federal Reserve Chair Jerome Powell, "if someone went in there and cut it 100 or 200 or 300 basis points,
President Trump asked a group of Republican lawmakers how they felt about him firing Federal Reserve Chair Jerome Powell and told them he would "likely" fire Powell "soon," according to two White House officials and sources familiar with the Tuesday evening meeting.
2don MSN
The Supreme Court on Wednesday paved the way for President Trump to fire three members of the Consumer Product Safety Commission (CPSC) — the second time the justices have allowed Trump’s
President Donald Trump‘s bids to replace a litany of independent agency heads have prompted legal challenges from the Left, which could end up with the Supreme Court revisiting a 90-year-old precedent related to the president’s firing power.
The Trump administration is sending mixed messages about whether Fed Chair Jerome Powell should stay with the central bank until the end of his term.