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You are here News Economy Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say

Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say

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Trump wants to fire Fed head over market dropPresident Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate hike and months of stock-market losses, according to four people familiar with the matter.

Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move.

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