#1
#1 out of 1
8h ago
Trump says he has no plans to fire Jerome Powell — after reported ‘joke’ offer of Fed chair job to Jamie Dimon
- Trump says he has no plans to fire Fed Chair Jerome Powell amid a DOJ probe and related investigations.
- Trump reportedly offered Powell’s job to JPMorgan’s Jamie Dimon months earlier, which Dimon took as a joke.
- Powell faces a Justice Department probe tied to the Fed’s renovations and his public remarks on the inquiry.
- Trump signals potential replacements for Powell include Kevin Warsh or Kevin Hassett, with other candidates under consideration.
- Powell’s term as chair ends in May, with potential to stay on the Fed board through 2028.
- White House officials deny finality on Powell’s future as discussions continue about independence obligations.
- Powell criticized the investigation as political, framing it within broader concerns about independence.
- Investigation prompts scrutiny from lawmakers and concerns over Fed independence among abroad central bank leaders.
- The administration has referenced other potential candidates and emphasized loyalty considerations in the selection process.
- Powell received extensive media attention as the DOJ probe and related political pressures mounted.
Vote 0