Donald Trump, Fed and Powell
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
U.S. District Judge Loren AliKhan said the Trump administration wanted the Federal Trade Commission to be a "subservient agency."
2don MSN
WASHINGTON − An ideologically divided Supreme Court on July 14 allowed the Trump administration to fire hundreds of workers from the Education Department and continue other efforts to dismantle the agency. The court's three liberal justices opposed the order, the latest win for President Donald Trump at the high court.
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.