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President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
Why Jerome Powell — not Trump — will decide when the ... - CBS News
Trump threatens to fire Powell if he stays on Fed board The president also suggested that his administration will not drop its criminal probe into the renovations of the central bank's headquarters.
Under Powell, the Federal Reserve has navigated the economic impact of the COVID-19 pandemic, the 2021–2023 inflation surge, and global trade instability. His tenure saw a broad uplift in financial markets apart from two stock markets declines in 2020 and in 2022.