Skip to main content

Powell: Trump Has Not Tried to Fire Me

Phil Hall
Jan 04, 2019
Federal Reserve Chairman Jerome H. Powell affirmed the White House’s insistence that President Trump has not made any attempt to fire him

Federal Reserve Chairman Jerome H. Powell affirmed the White House’s insistence that President Trump has not made any attempt to fire him.
 
According to a Washington Post report, Powell answered questions about his job security during the American Economic Association’s annual meeting in Washington. A recent Bloomberg report citing anonymous sources claimed the President wanted to fire Powell after the Federal Reserve began raising rates this year—the Administration pushed back on the report by stating it was not true.
 
When asked directly if the President sought to remove him from office, Powell replied, “No. I have no news for you on that.” When asked if he would resign in the face of the President’s criticism, Powell simply answered, “No.”
 
Powell added that we would be willing to meet with the President, although no meeting has been planned yet. “I can’t think of any Fed chairs who didn’t eventually meet with the President,” he said.

 
Published
Jan 04, 2019
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022
The Fed: Rate Hike Likely Coming in June

Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.

Regulation and Compliance
Jan 05, 2022
AARMR No Protection For Savanah Scares

Conference provides opportunity for regulators to interact, discuss common topics

Regulation and Compliance
Jan 04, 2022
McCargo Sworn In As Ginnie Mae President

Former HUD official becomes the first female to lead the Government National Mortgage Association.

Regulation and Compliance
Jan 04, 2022