https://www.youtube.com/watch?v=0IZXXwo6N0Q
President Donald Trump recently intensified his criticism of Federal Reserve Chair Jerome Powell, expressing frustration over high interest rates and floating the idea of firing him during a meeting with House Republicans. Trump reportedly waved a draft termination letter but later denied imminent plans to oust Powell, stating it was “highly unlikely” unless fraud was involved. He suggested Powell’s term, ending in May 2026, might naturally resolve the issue. The remarks sparked market volatility, with concerns about the Fed’s independence and potential legal challenges.
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