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Treasury secretary: Trump denied suggesting firing Fed chair

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WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO’-shin) says President Donald Trump has denied ever suggesting firing Federal Reserve Chairman Jerome Powell.

Trump has been attacking the Fed — and Powell personally — for the central bank’s interest rate increases. Trump blames the independent agency’s hikes for recent stock market turmoil and signs of economic weakness.

Bloomberg News cited four people familiar with the matter in reporting Friday that Trump discussed firing Powell after this week’s rate increase.

But Mnuchin pushed back Saturday in a pair of tweets.

Mnuchin says he spoke with Trump and Trump said that, while he “totally” disagrees with Fed policy, he “never suggested” firing Powell and doesn’t believe he has the right to do so.

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No Fed chairman has ever been removed by a president.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

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The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
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