Trump ratcheted up pressure on the Federal Reserve ahead of a major interest-rate decision, suggesting he could consider demoting its chairman depending on the outcome
WASHINGTON—President Trump ratcheted up pressure on the Federal Reserve ahead of a major interest-rate decision, suggesting Tuesday he could consider demoting its chairman depending on the outcome.
“Let’s see what he does,” Mr. Trump said Tuesday when asked by a reporter if he wanted to demote Fed Chairman Jerome Powell, whom he nominated to the position in 2017.
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