US National Economic Council Director Kevin Hassett said Friday that President Donald Trump and his team are reviewing whether they can remove Federal Reserve Chair Jerome Powell. "The president and his team will continue to study that matter," Hasset said to journalists.
The comment came a day after Trump intensified his attacks on Powell, whom he blames for undermining economic growth. While the president cannot directly fire Powell, he could initiate a complicated legal process requiring proof of misconduct. Tensions escalated after Powell warned that Trump's tariffs could raise prices and hurt growth, potentially forcing the Fed to choose between inflation control and jobs.
On Thursday, Trump claimed he could force Powell out. According to reports, he has been privately discussing that possibility for months, citing sources familiar with the matter.
