The Trump administration is studying the option to dismiss the Federal Reserve President
US President Donald Trump and his administration are studying the option to dismiss the President of the Federal Reserve Bank, Jerome Powell, according to the chief economic consultant at the White House on Friday. In response to a journalist’s question about whether it is possible to dismiss Powell the day after the attack by Trump, the director of the National Economic Council Kevin Haysit told reporters, & quot; the president and his team will continue to study this issue & quot;. Earlier, & quot; Politico & quot; On the authority of two sources close to the White House, they spoke on the condition that their identity was not disclosed, as saying that US Treasury Secretary Scott Besent has repeatedly warned Trump administration officials that any attempt to dismiss Powell may expose financial markets to instability. The US President does not have a direct authority to dismiss the governors of the Federal Reserve, but Trump may start a long -term process to try to dismiss Powell by proving the presence of & quot; cause & quot; To do this. Trump has repeatedly criticized the head of the Federal Reserve, who nominated him for his position during his first term, accusing him of politicizing his duties. On Wednesday, Powell warned that the large -scale customs duties imposed by Trump on almost all commercial partners may put the federal reserve in a difficult position, as he will have to choose between treating inflation and unemployment. On Thursday, the Republican President confirmed that he is able to force Powell to leave his position. “I am not satisfied with him,” Trump said. I informed him of that, and if I wanted him to leave, he will leave very quickly, believe me & quot;
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