President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night.   

While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation.   

In response to multiple similar reports, President Trump says his administration is “very concerned”, but “not planning on doing anything” about Fed Chair Jerome Powell.   

Paul Sweeney and Lisa Mateo speak with Bloomberg's Chris Condon about the potential fallout.

President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night.&nbsp; &nbsp; While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation.&nbsp; &nbsp; In response to multiple similar reports, President Trump says his administration is &ldquo;very concerned&rdquo;, but &ldquo;not planning on doing anything&rdquo; about Fed Chair Jerome Powell.&nbsp; &nbsp; Paul Sweeney and Lisa Mateo speak with Bloomberg's Chris Condon about the potential fallout.

Scarlet Fu and Paul Sweeney harness the power of Bloomberg Intelligence to analyze market news and provide in-depth company research. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Scarlet Fu and Paul Sweeney harness the power of Bloomberg Intelligence to analyze market news and provide in-depth company research. Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to analyze markets, companies and industries.

Bloomberg Intelligence

Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c468a87c-da85-42b7-8636-b31c01074c08/transcript

Advertisement