- President Donald Trump has relentlessly attacked Fed Chairman Jerome Powell since he retook office, most recently calling him a “fool” Thursday morning after the Fed chose to hold interest rates steady the day prior. Yet, while Trump has indicated he could remove Powell if he wanted to, he may be keeping the Fed Chair around to serve as a scapegoat in case the economy shows signs of weakness.
Since retaking office, President Trump has relentlessly attacked Federal Reserve Chairman Jerome Powell. Yet despite the insults, Trump may be keeping Powell around for at least one key reason.
