Summary
- It has been reported that President Donald Trump mentioned to Republican lawmakers that he is considering dismissing Fed Chairman Jerome Powell.
- Recently, President Trump has repeatedly criticized the Fed's interest rate policy, and this latest statement has raised the possibility that actual dismissal proceedings may begin.
- The Fed chair's term is legally guaranteed, so firing him would inevitably create legal controversy.
U.S. President Donald Trump is considering dismissing Jerome Powell, the chairman of the Fed, and it is known that he mentioned this directly during a closed-door meeting with Republican lawmakers.
On the 16th (local time), Reuters reported, citing multiple sources, "President Trump asked during a meeting with Republican members of the House held in the Oval Office at the White House whether Powell should be dismissed, and several people present said President Trump actually hinted at his intention to fire Powell."
This remark comes amid President Trump's recent repeated criticism of the Fed's interest rate policy, raising the possibility that he may actually begin dismissal proceedings.
Meanwhile, since the term of the Fed chair is legally guaranteed, firing him at the president's discretion would inevitably lead to legal controversy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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