One minute it seems like Donald Trump is ready to fire Jerome Powell, the next minute he isn’t.
But it’s not just the president who apparently can’t make up his mind on the future of the Federal Reserve chair – it’s his own staff, On The Money has learned.
People with direct knowledge of the matter tell me that the administration’s legal types and people inside the Treasury Department are divided over whether the president can pull the plug on Powell.
Jerome Powell’s term ends in 10 months, but President Trump wants him gone closer to yesterday because he believes he’s too cautious in cutting rates. Jack Forbes / NY Post Design
Recall, Powell’s term ends in 10 months, but Trump wants him gone closer to yesterday because he believes he’s too cautious in cutting rates.
Under the law, Trump can fire Powell for what’s known as “cause.” What Trump’s