No plan to fire Fed chair despite probe: President Trump
US President Donald Trump said on Wednesday he has no plans to fire Jerome Powell despite a justice department criminal probe into the Federal Reserve chair, but it was "too early" to say what he would ultimately do.
Asked whether the investigation gave him grounds to do so, Trump added: "Right now, we're (in) a little bit of a holding pattern with him, and we're going to determine what to do. But I can't get into it. It's too soon. Too early." Powell's term as Fed chief ends in May, but he is not obligated to leave the Washington-based Board of Governors until 2028. (This is a Reuters story)
Asked whether the investigation gave him grounds to do so, Trump added: "Right now, we're (in) a little bit of a holding pattern with him, and we're going to determine what to do. But I can't get into it. It's too soon. Too early." Powell's term as Fed chief ends in May, but he is not obligated to leave the Washington-based Board of Governors until 2028. (This is a Reuters story)
Popular from Business
- US freezes immigrant visas for 75 countries: Iran, Russia, Thailand among affected nations - key details
- H-1B hit: TCS on track to hire 15k in US in 5 years
- Nine new Amrit Bharat Express trains soon! Indian railways announces routes — check list and features
- Gold, silver price prediction today: Will gold hit Rs 1.5 lakh/10 grams and silver Rs 3.2 lakh/kg mark soon? Here's the outlook
- COLA Explained: What the first Social Security 'stimulus' payment of 2026 really means for Americans
end of article
Trending Stories
- Brazilian Popeye bodybuilder Arlindo de Souza dies at 55 after kidney failure linked to oil injections fame
- Maharashtra Civic Body Election Results Live Updates: Counting of votes to begin at 10am; BJP, Shiv Sena-led Mahayuti eye emphatic win, NCP, Congress and UBT hope to regain ground
- Mumbai BMC Election Results 2026 Live Updates: Clean sweep for BJP–Shiv Sena-led Mahayuti or Thackerays' fightback? Who will control India’s richest civic body; counting of votes to begin at 10 am
- JEE Mains admit card 2026: Hall tickets expected to be released soon, check latest updates here
- SSC GD final result 2026 declared at ssc.gov.in: Direct link to download here
- Budget 2026: The urgent need to tackle long-pending and long drawn-out tax litigation
- Penguins-Flyers Rivalry: Pittsburgh dominates at PPG Paints Arena; emotional edge has faded
Featured in Business
- Stock market today: Nifty50 opens above 25,700; BSE Sensex up over 200 points
- Those with MGNREGA cards to get work during transition to G RAM G Act
- Unemployment rate rises marginally to 4.8% in Dec on back of urban joblessness' increase
- EPFO to deploy new age tech to authenticate member records
- Expect strong, $20 billion IPO market in '26: Citi
- Trade deficit widens to $25 billion as imports rise 9%
Photostories
- Life lessons from Arjuna: How to train the brain like a warrior
- Step by step guide to grow turmeric in pots on a balcony garden
- How to look expensive on a budget: The sandwich theory on the visual arithmetic of the 2026 urban professional
- Entrepreneurs, take notes: 5 habits Elon Musk swears by for business success
- Rani Mukerji completes 30 years: Lesser-known facts about Bollywood’s fierce performer
- From Zoe Saldaña to Dwayne Johnson: Highest-grossing Hollywood celebrities of all time
- How to make South Indian Red Garlic Chutney at home
- One heart? Not enough! Meet 5 animals that go beyond
- Rare baby boy names from Indian mythology that still sound modern in 2026
- 14 traditional Gujarati mithais and desserts you must try
Up Next
Start a Conversation
Post comment