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Latin Times
Latin Times
Politics
Demian Bio

Trump Looking Into Whether He Can Fire Fed Chair Jerome Powell Despite Central Bank Independence

Fed Chair Jerome Powell

President Donald Trump is studying whether he can dismiss Federal Reserve Chair Jerome Powell despite concerns about meddling with the independence of the central bank, an official said on Friday.

Concretely, National Economic Council Director Kevin Hassett said "the president and his team will continue to study that" when asked about the matter. He also suggested that Powell sought to benefit Democrats even though the institution is not political.

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