Mnuchin Tweets Trump Denial as Republicans Warn against Firing Fed Chairman

Federal Reserve Chairman Jerome Powell

(From Politico)

The Trump administration is moving before markets reopen to reassure investors and Congress that President Donald Trump won’t fire Federal Reserve Chairman Jerome Powell despite the president’s distaste for Powell’s interest rate increases.

After a pair of senior Senate Republicans publicly urged the president not to fire Powell, Treasury Secretary Steven Mnuchin released an unusual statement on Saturday saying that he’d spoken to the president and that Trump has never indicated he will fire Powell.

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