Bank Of Baku

Trump 'likely' will fire Fed Chair Powell 'soon,' White House official says

Trump
# 16 July 2025 19:50 (UTC +04:00)

President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, after receiving approval from them to make the move, a senior White House official told CNBC, APA reports.

Amid repeated denials from administration officials and high-ranking Republicans, the exchange came Tuesday evening in the Oval Office, following Republicans blocking a vote on cryptocurrency legislation that Trump has favored.

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