Economic council head says Trump’s ability to fire Fed’s Powell is ‘being looked into’
National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.”Asked in an interview on ABC News’ “This Week” whether he believes President Donald Trump has the authority to fire Powell, whom the president has repeatedly bashed over interest rates, Hassett said, “That’s a thing that’s being looked into.”“But certainly if there’s cause, he does,” Hassett added.Hassett’s comments come days after Office of Management and Budget Director Russell Vought criticized renovations of the Federal Reserve headquarters, saying in a letter to Powell that Trump was “extremely troubled by your mismanagement of the Federal Reserve System.”Vought sent Powell nearly a dozen questions about the renovations, asking for details about whether the project deviated from plans approved by the National Capital Planning Commission, which oversees...
