The discussion about the possibility of US President Donald Trump dismissing Fed Chair Jerome Powell has become relevant again. This stems from recent remarks by administration officials.
Statements on Dismissal Possibility
National Economic Council Director Kevin Hassett noted that Trump may fire Powell due to cost overruns on the Fed's headquarters renovation project. This raises questions about the bureau's independence.
Reasons for Pressure on the Fed
Trump has long pressured Powell to cut interest rates. Hassett indicated that further pressure may depend on the Fed's response to the administration's inquiries. He mentioned: "Whether the president will pursue this path depends on the Fed's response."
Speculations on Possible Replacement
Jerome Powell's term expires in May, and speculations about Hassett possibly taking his place are gaining traction. Hassett is viewed as one of the most influential figures in the White House.
The question of Jerome Powell's dismissal remains open, and future developments will depend on the Fed's reaction to the administration's remarks. The situation around the Fed continues to attract interest from economists and investors.
