Trump Renews Powell Attack, Offers Warsh Half The Oval Office
One day after Jerome Powell warned that legal attacks on the Federal Reserve are “battering the institution,” President Donald Trump returned to the offensive on Thursday.
Asked by reporters whether he was prepared to take action against Powell remaining on the Board of Governors after his chair term ends May 15, Trump dismissed the idea.
According to Trump, he does not care if Powell stays, having predicted as much because “who’s going to hire him, frankly.”
Trump called Powell “a negative force” and said the renovation cost angered him more than rates ever did. Per Trump, he could have renovated the Fed building for $25 million; instead, the project may run close to $4 billion and remains unfinished.
The president then pivoted to his successor pick. Trump said Kevin Warsh — who cleared
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