Maggie Haberman reported that President Trump's senior aides are actively working to deter him from firing Federal Reserve Chairman Jerome Powell, who has made comments impacting Trump's trade policies. The independence of the Fed is a norm that could be jeopardized if Trump follows through with such action, as indicated by discussions involving former Fed governor Kevin Warsh. Haberman expressed skepticism about Trump acting promptly while acknowledging the unpredictable nature of his decisions and the potential conflict this situation represents for Trump's administration.
President Trump's senior aides are making efforts to prevent him from firing Federal Reserve Chairman Jerome Powell due to his comments on trade policies.
Haberman notes there is internal White House tension concerning Trump's ability to influence monetary policy, as Powell's independence is a long-standing Fed norm.
While it's unclear what would happen if Trump attempted to fire Powell, insiders believe that the president may not act immediately.
Despite potential discussions about replacing Powell, Warsh advised Trump to let Powell complete his term without interference in monetary policy.
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