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

Judge blocks Trump administration mass layoffs at many U.S. agencies
Politics

Judge blocks Trump administration mass layoffs at many U.S. agencies

Employees of the Department of Health and Human Services (HHS) hug each other as they queue outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food and Drug Administration, as it embarked on its plan to […]

Read More
Harvard sues Trump administration over ban on international student enrollment
Politics

Harvard sues Trump administration over ban on international student enrollment

FILE PHOTO: People walk on the Business School campus of Harvard University in Cambridge, Massachusetts, U.S., April 15, 2025. Faith Ninivaggi | Reuters Harvard University on Friday filed a lawsuit seeking to reverse the Trump administration’s ban on the private school enrolling international students over its purported tolerance of “anti-American, pro-terrorist agitators” on campus. The […]

Read More
Trump recommends 50% tariff on European Union starting June 1
Politics

Trump recommends 50% tariff on European Union starting June 1

President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled. The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are […]

Read More