Trump calls it ‘highly unlikely’ he’ll fire Fed chair Powell
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Polymarket traders have raised the likelihood of Fed Chair Jerome Powell's departure after Rep. Luna's cryptic post and top officials' statements.
1don MSN
US Federal Reserve chair Jerome Powell is mulling resignation as pressure mounts for scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington,
Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.
The Euro jumps against the US Dollar on Wednesday, with EUR/USD surging to 1.1721 after reports emerged that US President Donald Trump asked a group of House Republicans whether he should fire Federal Reserve (Fed) Chair Jerome Powell. The news triggered a sharp sell-off in the Greenback, boosting EUR/USD to its highest level in over a week.
Fed Chair Powell faces resignation rumors amid White House accusations he misled Congress about the US Fed's $2.5 billion HQ renovation and resisted rate cuts.
False claims that Fed Chair Jerome Powell has resigned are viral, but no official reports or statements support this; Powell has not announced his resignation.
Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.
Fannie Mae and Freddy Mac Chairman William Pulte issued a similar statement amid reports that Powell was considering his resignation.
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."