President Donald Trump has attacked Federal Reserve chair Jerome Powell 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 central bank’s long-standing political independence.
“If I want him out, he’ll be out of there real fast, believe me,” Trump said in the Oval Office while taking questions from reporters during a visit with Italian Prime Minister Giorgia Meloni. “I’m not happy with him.”
