Trump Denies Plan to Ax Powell After Floating Idea to Lawmakers

Trump Says Firing Fed Chair Powell Is ‘Highly Unlikely’

President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media.

“No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.”