Fed, Trump and Jerome Powell
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President Donald Trump has repeatedly mused about firing Federal Reserve Chair Jerome Powell and, ahead of a visit to the U.S. central bank's headquarters on Thursday, called him a "numbskull" for not cutting U.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
A heated on-site clash between President Trump and Fed Chair Powell over renovation costs sparks viral memes and rattles crypto markets, with Bitcoin sliding nearly 4%.
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented,