President Trump has told top GOP lawmakers he will likely fire Fed Chair Jerome Powell, two sources briefed on the matter told The Post.
The sources confirmed an earlier report by Bloomberg News, citing people familiar with the matter, which said Trump discussed the plan with GOP lawmakers in Congress on Tuesday.
An administration insider close to the commander-in-chief, speaking on the condition of anonymity, confirmed the nature of those talks to The Post with congressional Republicans.
Two sources briefed on the matter said President Trump discussed firing Fed Chair Jerome Powell in a meeting with GOP lawmakers. Ron Sachs/CNP / SplashNews.com
“They expressed approval for firing him. The President indicated he likely will soon,” the source said.
The news comes as Powell came under fire for refusing to cut interest rates despite Trump’s relentless demands.
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