(NewsNation) — A senior White House official told NewsNation that President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon.
Trump denied reports on Wednesday, telling reporters he was unlikely to fire Powell anytime soon despite having repeatedly clashed with the Fed chair over interest rates.
“I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud,” Trump said when asked if he’s ruling out firing Powell.
However, a senior White House Official told NewsNation that Trump asked lawmakers how they felt about firing Powell and they expressed approval for the action.
