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Trump Considering Firing Powell Soon, Says Administration Official

The president asked lawmakers this week whether he should fire Powell

Federal Reserve Chair Jerome Powell Photo: Kent Nishimura/Getty Images

Federal Reserve Chair Jerome Powell Photo: Kent Nishimura/Getty Images

WASHINGTON—President Trump indicated to Republican lawmakers that he is likely to attempt to remove Federal Reserve Chair Jerome Powell from his job soon, according to a senior administration official.

The official said the president asked lawmakers during a meeting at the White House how they felt about firing the Fed chair and several expressed support for attempting to oust him. Trump then suggested he could move to fire him in the near future, the official said.

Trump has for years raised the prospect of firing Powell, but has stopped short of doing so. The president has grown increasingly frustrated with Powell in recent months.

Author: Brian Schwartz and Nick Timiraos

Source: WSJ:

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