Could Trump Fire Powell Over Fed Renovations?
Could Trump Fire Powell Over Fed Renovations?
In a recent interview with Axios, White House economic advisor Kevin Hassett hinted that President Trump may consider firing Federal Reserve Chairman Jerome Powell over the renovations at the central bank's headquarters. The mere threat of firing Powell earlier this year caused a sell-off in the stock market, sending interest rates soaring. The Fed's renovation project has been a point of contention for Trump, who has criticized the cost and timing of the project. The President has also been vocal about his dissatisfaction with the Fed's recent interest rate hikes. Could this disagreement over the renovations be the final straw for Powell?
