Trump will study whether to fire Fed Chair Powell, adviser says

Trump will study whether to fire Fed Chair Powell, adviser says


President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017.

Olivier Douliery | Bloomberg | Getty Images

White House economic adviser Kevin Hassett said on Friday that President Donald Trump and his team would study the matter when asked if firing Federal Reserve Chair Jerome Powell was an option.

“The president and his team will continue to study that matter,” Hassett told reporters at the White House in response to a question.

Hassett’s exchange with the press came a day after Trump ramped up a long-simmering feud with the Fed chair, accusing Powell of “playing politics” by not cutting interest rates and asserting he had the power to evict Powell from his job “real fast.”



Source

Germany’s new chancellor to meet Trump in Washington on Thursday
Politics

Germany’s new chancellor to meet Trump in Washington on Thursday

German conservative candidate for chancellor and Christian Democratic Union (CDU) party leader Friedrich Merz attends a press conference following the general election in Berlin, Germany, February 24, 2025.  Fabrizio Bensch | Reuters Germany’s new Chancellor Friedrich Merz will travel to Washington to meet on Thursday with U.S. President Donald Trump, a German government spokesman said […]

Read More
EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%
Politics

EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%

President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty Images The European Union on Saturday criticized President Donald Trump’s move to double tariffs on steel imports, warning that it “undermines” efforts to reach a “negotiated solution” in the […]

Read More
Damning IAEA report spells out past secret nuclear activities in Iran
Politics

Damning IAEA report spells out past secret nuclear activities in Iran

A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images Iran carried out secret nuclear activities with material not declared to the U.N. nuclear watchdog at three […]

Read More