Powell, Trump and resignation
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Jerome Powell is concerned about the optics if he resigns from the central bank because the president wants him to.
Allianz Chief Economic Advisor Mohamed El-Arian doubled down on comments he made Tuesday that Fed Chairman Jerome Powell should resign by saying Friday him doing so would be the "least costly option" in maintaining the Fed's independence.
President Trump on Thursday is taking a tour of the Federal Reserve with Chair Jerome Powell in tow. Powell and Trump walked side-by-side in hard hats. Trump was touring renovations at the
Sen. Mike Lee (R-UT) deleted a social media post on Tuesday featuring a fake resignation letter supposedly written and signed by Federal Reserve Chairman Jerome Powell. Lee initially celebrated Powell’s alleged departure from the central bank before quickly deleting the post.
Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central bank.
(The Center Square) — U.S. Rep. Abe Hamadeh urged Federal Reserve Chairman Jerome Powell to resign, citing Powell's unwilingness to lower interest rates. The Republican congressman from Peoria, Arizona, made the request in a letter he sent Powell.