"If he's not leaving on time I've held back firing him, I've wanted to fire him, but I hate to be controversial, you know. I want to be uncontroversial, but he will be fired, Trump told Fox Business host Maria Bartiromo."
"President Trump's threats of firing Chair Powell are hardly surprising, but are simply not consistent with what the law provides. The president already appears to be losing in court in his attempt to fire [Fed] Governor Lisa Cook."
"Last month, North Carolina Senator Thom Tillis said that he would block Warsh's confirmation until the federal criminal probe into Powell has ended. If a nominee fails to be confirmed, Powell would stay on as the chair until one is confirmed."
President Trump stated he would fire Jerome Powell if Powell does not voluntarily resign from his position on the Federal Reserve's board of governors by May 15. Trump expressed frustration over Powell's performance and indicated he has held back from firing him to avoid controversy. Legal experts suggest Trump's threats may not align with the law, as he faces challenges in attempting to remove other Fed officials. Delays in confirming Trump's nominee to succeed Powell add to the uncertainty surrounding the Fed's leadership.
Read at www.aljazeera.com
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