US President Donald Trump is stepping up pressure on Federal Reserve Chair Jerome Powell, with a White House official saying he discussed firing the central bank chief in a meeting with congressional Republicans on Tuesday night. Speaking on Wednesday, Trump said he’s “not planning” to remove the Fed chief, but he has repeatedly criticised Powell’s actions on interest rates. Removing a Fed governor is legally difficult and would be likely to roil markets. Our Federal Reserve reporter Amara Omeokwe joins host Stephen Carroll to discuss.

<p>US President Donald Trump is stepping up pressure on Federal Reserve Chair Jerome Powell, with a&nbsp;White House official saying he discussed firing the central bank chief in a meeting with congressional Republicans on Tuesday night. Speaking on Wednesday, Trump said he&rsquo;s &ldquo;not planning&rdquo; to remove the Fed chief, but he has repeatedly criticised Powell&rsquo;s actions on interest rates. Removing a Fed governor is legally difficult and would be likely to roil markets. Our Federal Reserve reporter Amara Omeokwe joins host Stephen Carroll to discuss.</p>

Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg. 

<p>Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg.&nbsp;</p>

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide company and industry research.

Here's Why

Here’s Why It’s Not Easy to Fire Jerome Powell

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