Odaily Planet Daily News The Wall Street Journal revealed that US President Trump has been privately discussing the dismissal of Federal Reserve Chairman Powell for several months, but he has not yet made a final decision on whether to oust Powell before the end of his term next year. Sources said that at a meeting held at Mar-a-Lago, Trump talked with former Federal Reserve Governor Kevin Warsh about possibly firing Powell before the end of his term and possibly choosing Warsh to replace him.
According to people familiar with the matter, Warsh had advised against firing Powell and believed that the Federal Reserve chairman should be allowed to complete his term without interference. In a meeting in the Oval Office on Thursday, Trump expressed his belief that he had the power to oust Powell. "If I want him to step down, he will step down soon, believe me," Trump said. Trump also said he was not satisfied with Powell. Any move by Trump to fire Powell will almost certainly be submitted to the Supreme Court. This may cast a shadow of review on Powell's eventual departure, and any prospect that the Federal Reserve chairman may be dismissed due to policy disputes may set back financial markets.
In addition, the White House declined to comment. Warsh did not respond to a request for comment.