White House economic adviser Kevin Hassett said Friday that President Donald Trump and his team are reviewing whether to fire Federal Reserve Chair Jerome Powell, amid renewed tensions between the president and the central bank over interest rate policy.
“The president and his team will continue to study that matter,” Hassett told reporters at the White House in response to a question about Powell’s future.
Hassett also asked about his 2021 book “The Drift,” in which he discussed Trump’s earlier frustrations with Powell during the 2018 rate hikes and warned that firing the Fed chief would “savage” the institution’s credibility and undermine global confidence in the U.S. dollar. On Friday, Hassett suggested that circumstances had changed….