Trump Reportedly Discussed Firing Fed Chairman Powell

Trump Reportedly Discussed Firing Fed Chairman Powell

December 22, 2018, 10:55 AM

Trump Reportedly Discussed Firing Fed Chairman Powell

FILE - Federal Reserve Chairman Jerome Powell addresses the Federal Reserve Board's 15th annual College Fed Challenge Finals in Washington, Nov. 29, 2018.
FILE – Federal Reserve Chairman Jerome Powell addresses the Federal Reserve Board's 15th annual College Fed Challenge Finals in Washington, Nov. 29, 2018.

U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported Saturday.

Citing four people familiar with the discussions, Bloomberg reported Trump has become more frustrated with Powell after months of stock market losses and the central bank's interest rate hike on Wednesday.

SEE ALSO:

US Central Bank Boosts Benchmark Interest Rate

Advisers reportedly have warned Trump that firing Powell would further roil financial markets, yet they said Trump has discussed the matter many times in the past few days.

The sources who spoke with Bloomberg on condition of anonymity were not convinced Trump would fire Powell, and were hopeful the president's anger over the situation would subside over the holidays.The White House and the Federal Reserve have declined to comment.

SEE ALSO:

More Losses Leave US Markets With Worst Week in 7-Plus Years

A firing of Powell would come after weeks of heavy losses in the markets. On Friday, equities closed their worst week since 2011, with the S&P 500 Index plummeting more than 7 percent and the Nasdaq Composite Index plunging into a bear market.

Trump has been busy shaking up his administration since the November midterm elections. He has announced the departures of Attorney General Jeff Sessions, White House Chief of Staff John Kelly, Interior Secretary Ryan Zinke and Defense Secretary James Mattis.

Original Article

PRESIDENT TRUMP HOLDS MAGA RALLY IN NOVI, MI

PRESIDENT TRUMP HOLDS MAGA RALLY IN STATE PARK, PA

PRESIDENT TRUMP ADDRESSES PRESS IN AUSTIN, TEXAS

DON'T MISS WAR ROOM M-S AT 10AM ET. & M-F AT 5PM ET.

CATCH THE AMERICAN SUNRISE SHOW M-F AT 8AM ET.

CATCH THE LATEST STEVE GRUBER SHOW

WATCH THE LATEST COWBOY LOGIC BARN PARTY SHOW

CATCH THE LATEST AMERICA'S VOICE LIVE SHOW

PRESIDENT TRUMP'S RETURN TO BUTLER, PA

WATCH ON UMBLE WATCH ON GETTR

CHECK THIS WEEK'S FAITH & FREEDOM SHOW WITH SHEMANE NUGENT

RAV TOWN HALL WITH ROBERT F. KENNEDY JR.

JOIN US IN LIVE CHAT 24/7 ON RUMBLE

PRESIDENT TRUMP ADDRESSES PRESS IN AUSTIN, TEXAS

JOIN US ON OUR 24/7 LIVE RUMBLE STREAM