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Can Trump fire Federal Reserve chair Jerome Powell?

The US president and the man he appointed to head the central bank are at loggerheads over interest ratesDonald Trump told Republican lawmakers that he plans to fire the US Federal Reserve chair, Jerome Powell, in what would be an unprecedented move against the non-partisan central bank.Trump drafted a letter firing Powell and showed it to House Republicans during a private meeting on Tuesday night, according to the New York Times. Stock markets sank on the news but rose as Trump complicated the story by telling reporters it was “highly unlikely” he would fire Powell. Continue reading...

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