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US President Trump threatens to fire Federal Reserve Chair Jerome Powell if he stays beyond mandate

US President Donald Trump has intensified pressure on Federal Reserve Chair Jerome Powell, warning he may remove him if he does not step down after his term ends in May. The move comes amid ongoing disagreements over interest rates and an investigation into Powell

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Trump targets Fed chief Jerome Powell over policy disagreements. File Pic/AFP

Trump targets Fed chief Jerome Powell over policy disagreements. File Pic/AFP

President Donald Trump has once again targeted Federal Reserve Chair Jerome Powell, expressing frustration over his handling of interest rates, reported the AFP.

President Trump has repeatedly criticised Powell for not cutting rates aggressively and said he may take action if Powell continues beyond his term which ends in mid-May. In an interview with Fox Business, Trump said, “I’ll have to fire him… if he is not leaving on time.” He also added, “I’ve wanted to fire him,” reported AFP.

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