Trump, Jerome Powell and Federal Reserve Chair
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Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.
President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he appointed to the position in 2017. The move followed months of criticism by Trump of Powell,
The dollar briefly tumbled on Wednesday and Treasury bond yields popped higher on reports citing an unidentified White House official that U.S. President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon,
All three major stocks indexes slid, while bonds sold off after reports that President Trump is likely to fire Federal Reserve Chair Jerome Powell soon. The S&P 500 was down 0.6%, the Dow was down 0.5%,
Infrastructure Capital Management CIO Jay Hatfield explains why a 1930s case could give President Donald Trump cause to fire Fed Chair Jerome Powell.