On Friday, Kevin Hassett, the director of the National Economic Council, revealed that President Donald Trump is exploring the possibility of removing Jerome Powell, the chair of the Federal Reserve. This statement came in response to questions from reporters about whether firing Powell was a viable option.
This announcement follows Trump’s recent criticisms of Powell, where he expressed frustration over the Federal Reserve’s decision not to lower interest rates recently. Meanwhile, Powell is worried about rising inflation, which has escalated due to Trump’s economic policies, including the ongoing trade tensions.
