Sunday, July 20, 2025

Trump says Fed boss firing ‘highly unlikely’

by damith
July 20, 2025 1:13 am 0 comment 43 views

President Donald Trump has said it is “highly unlikely” he will fire the head of the US central bank, hours after asking lawmakers whether he should sack Jerome Powell.

Stock markets and the dollar slipped following reports Trump had broached the idea with Republicans on Tuesday but quickly bounced back after he downplayed the discussions. Dismissing the chair of the Federal Reserve would be a major break with precedent. – BBC

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