Trump says he has no current plans to fire Fed Chair Powell despite criminal probe
President Donald Trump says he has no current plans to fire Jerome Powell despite a criminal probe. This comes as the administration pressures the central bank.
Insights:
President donald trump stated in a Reuters interview on Wednesday that he has no current plans to fire jerome powell, the Chair of the Federal Reserve in the 
US. This statement follows the disclosure of an ongoing Justice Department criminal investigation into jerome powell regarding significant cost overruns on a $2.5 billion renovation of two historical buildings at the Federal Reserve headquarters complex. While donald trump indicated that he has no immediate intent to remove the central bank leader, he noted that the situation remains unresolved and subject to future determination.
US. This statement follows the disclosure of an ongoing Justice Department criminal investigation into jerome powell regarding significant cost overruns on a $2.5 billion renovation of two historical buildings at the Federal Reserve headquarters complex. While donald trump indicated that he has no immediate intent to remove the central bank leader, he noted that the situation remains unresolved and subject to future determination.
