PANews reported on April 19 that according to Jinshi, The Wall Street Journal disclosed that for several months, US President Trump has been privately discussing the possibility of firing Federal Reserve Chairman Powell, but he has not yet made a final decision on whether to remove him before the end of Powell's term next year. Sources said that at a meeting at Mar-a-Lago, Trump discussed with former Federal Reserve Board member Kevin Warsh the possibility of firing Powell before his term ends and potentially choosing Warsh as his replacement.
According to informed sources, Warsh suggested not firing Powell and believed the Fed Chairman should be allowed to complete his term without interference. At a meeting in the Oval Office on Thursday, Trump stated that he believes he has the right to remove Powell. Trump said: "If I want him gone, he will be gone quickly, believe me." Trump also said he is dissatisfied with Powell. Any move by Trump to fire Powell would almost certainly be submitted to the Supreme Court. This could cast a shadow of scrutiny on Powell's final departure, and any prospect of a Fed Chairman being removed due to policy disputes could undermine financial markets.
The White House declined to comment. Warsh did not respond to requests for comment.
