Fox News Reports Trump Is Gearing Up to Fire Fed Chair Jerome Powell
Federal Reserve board member Jerome Powell speaks after President Donald Trump announced him as his nominee for the next chair of the Federal Reserve in the Rose Garden of the White House in Washington, Thursday, Nov. 2, 2017. (AP Photo/Alex Brandon)
Fox News senior congressional correspondent Chad Pergram reported on Wednesday that President Donald Trump is gearing up to fire Federal Reserve Chair Jerome Powell.
According to Pergram, Trump asked a group of Republican lawmakers if they think he should fire Powell, and they all agreed he should.
“Fox has confirmed that President Trump asked a group of House Republicans if he should fire Fed Chair Jerome Powell,” Pergram wrote on X. “Fox is told that that lawmakers agreed he should be fired.”
Pergram added that a source said Powell’s firing will be coming “soon.”
Speaking at the White House on Wednesday, Trump denied that he’s planning on firing Powell, but he would also not rule it out. Trump blasted the Fed chair for not lowering interest rates, calling him a “knucklehead” who is doing a “terrible job.”
Trump has been plenty vocal on not being pleased with Powell in the past. While speaking to reporters at the White House on Tuesday, he said the chairman is doing a “terrible job.” When asked if he’d appoint him to another term, the president answered, “You must be kidding!”
In comments made the week prior, Trump said interest rates should be lowered.
“I think — I think we should be three points lower interest rate. He is costing our country a lot of money. We should be No. 1 one and we’re not, and that’s because of Jerome Powell, in terms of interest,” he said.
