Trump, Jerome Powell
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President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.
President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. The president appeared to reach a breaking point with Powell last week when he told Republican lawmakers he would likely be nixing the Fed chair soon.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
President Donald Trump looks on as his then-nominee for chairman of the Federal Reserve Jerome Powell takes to the podium at the White House, Nov. 2, 2017. Trump on Wednesday told reporters: “I was surprised he was appointed.” (Getty Images) “I was surprised, frankly, that Biden put him in and extended him,” he said.