Skip to content
Subscriber Only

Trump-Powell Battle Would Span Three Arenas Where Everyone Loses

  • Political, legal, and economic challenges await president
  • Cost to ordinary Americans and businesses would be large
Bloomberg business news
Trump Should Have Vetted Jay Powell, Wizman Says
Updated on

Donald Trump says he likes winning. Right now, it’s difficult to count up anything but losers if the president fires Federal Reserve Chairman Jerome Powell.

Trump has been discussing whether he can dismiss Powell, Bloomberg News reported late Friday, prompting Treasury Secretary Steven Mnuchin to tweet on Saturday that the president said he doesn’t believe he has the authority to do so. White House Budget Director Mick Mulvaney on Sunday echoed that line. Trump himself has been publicly silent on the Fed since the Bloomberg News report.