President Donald Trump said Thursday that the removal of Federal Reserve Chair Jerome Powell “can’t come fast enough,” according to MarketWatch. The comment raises speculation about whether he intends to replace Powell at the end of his term or pursue an unprecedented firing. Powell has said such a firing would be illegal. The Fed chair declined to stimulate the slowing economy, warning that tariffs could cause sustained inflation rather than a temporary price spike. Bets increased on Polymarket that Trump will remove Jerome Powell this year ticked up.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump said Thursday that the removal of Federal Reserve Chair Jerome Powell
00:06can't come fast enough, according to Market Watch.
00:09The comment raised a speculation about whether he intends to replace Powell
00:13at the end of his term or pursue an unprecedented firing.
00:17Powell has said such a firing would be illegal.
00:20Fed's share declined to stimulate the slowing economy,
00:23warning that tariffs could cause sustained inflation rather than a temporary price spike.
00:28That's increased on Polly Market that Trump will remove Jerome Powell this year ticked up.
00:33For all things money, visit Benzinga.com slash GSTV.