Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell in a move that fuelled a fresh bout of concerns over the central bank’s independence and hit the dollar.
A White House official on Wednesday said Trump asked Republican members of Congress during an Oval Office meeting late the previous day whether he should remove Powell. Lawmakers supported the idea, the official said.
Trump later on Wednesday pushed back at the prospect that he would imminently sack Powell, who the president has relentlessly criticised in recent weeks for declining to cut interest rates.
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