Regulation and Compliance

Powell: Trump Has Not Tried to Fire Me

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.
 
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Phil Hall
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Jan 04, 2019
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