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Trump Suggests He Can Remove Fed Chair Powell and Says He's 'Not Happy' With Him Over Interest Rates
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and said he could fire him if he wanted to, renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank's long-standing political independence.
The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results over two years in setting capital requirements.
Fed Chair Jerome Powell opens up about his routine, political pressure from Trump and the future of the Fed’s independence.
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