President Donald Trump said Wednesday that he will fire Federal Reserve Chairman Jerome Powell if Powell refuses to vacate his position after a Senate-confirmed successor takes office.
The Federal Reserve left interest rates unchanged on Wednesday in a 10‑2 vote, signaling a pause in its recent cycle of monetary easing and pointing to signs that the labor market is stabilizing.
Federal Reserve officials are facing mounting scrutiny after new business survey data undercuts their justification for keeping interest rates elevated.
The United States Attorney’s Office for the District of Columbia (USAO-DC) has opened a criminal investigation into Federal Reserve Chairman Jerome Powell.
