On July 13, White House economic adviser Hassett stated that U.S. President Trump has the right to fire Federal Reserve Chairman Powell if there is evidence to support it, and added that the Federal Reserve "bears a lot of responsibility" for the cost overruns in the renovation of its Washington headquarters. Hassett said that any decision by Trump to fire Powell would largely depend on the Federal Reserve's response to the headquarters renovation issue. White House Budget Office Director Vought last week slammed Powell for "lying" about the Federal Reserve building renovation. Trump has repeatedly said that Powell should resign because he has not lowered interest rates. (Golden Ten) [BlockBeats]

The possibility of US President Donald Trump dismissing Fed Chair Jerome Powell has been raised again. National Economic Council Director Kevin Hassett said today that Trump may fire Powell due to cost overruns on the Fed's headquarters renovation project. It's well known that the Trump administration has been pressuring Powell to cut interest rates for a long time. This pressure has fueled concerns about the Fed's independence, and the mere possibility of Powell's dismissal has previously significantly shaken markets. Indeed, earlier this year, even such a rumor triggered a rise in interest rates and a sell-off in the markets. Although Trump said last Friday that he would not fire Powell, Hassett's statements indicated that the possibility could be on the table again. The White House has ratcheted up the pressure by alleging a $700 million budget overrun on the Fed's Washington headquarters renovation project. On July 10, Office of Budget and Management Director Russ Vought sent a letter to Powell, questioning the project and requesting clarification on its legality. Vought's letter gives Powell seven business days to respond, which falls at the end of this week and could give Trump the opportunity to take action before the next Fed meeting begins on July 29. Speaking to ABC, Hassett said, "Whether the president will pursue this path depends on the Fed's response." When asked whether Trump could fire Powell, Hassett said, "That's under review, but if there's a justification, yes, he could." Jerome Powell's term expires in May. Meanwhile, speculation that Hassett could succeed Powell is gaining traction. Economic circles consider Hassett, one of the most influential figures in the White House, a strong candidate. *This is not investment advice.

Can Donald Trump Remove Fed Chairman Jerome Powell? He May Have Found a Way

On July 13, White House economic adviser Hassett stated that U.S. President Trump has the right to fire Federal Reserve Chairman Powell if there is evidence to support it, adding that the Federal Reserve "bears a lot of responsibility" for the cost overruns in the renovation of its Washington headquarters. Hassett said that any decision by Trump to fire Powell would largely depend on the Federal Reserve's response to the headquarters renovation issue. White House Budget Office Director Vought last week slammed Powell for "lying" about the Federal Reserve building renovation. Trump has repeatedly said that Powell should resign because he has not lowered interest rates. (Golden Ten) [BlockBeats]

Hassett: Fed's response to headquarters renovation key to whether Trump fires Powell

Hassett: The Fed's answer to headquarters renovation is key to whether Trump fires Powell

On July 13th, White House economic advisor Hassett stated that if there is evidence to support it, U.S. President Trump has the right to fire Federal Reserve Chairman Powell, adding that the Fed "bears a lot of responsibility" for the excessive renovation costs at its Washington headquarters. Hassett said that any decision by Trump to try to fire Powell would largely depend on the Fed's response to the headquarters renovation issue. White House Office of Management and Budget Director Vought criticized Powell last week for "lying" about the Fed building renovation. Trump has repeatedly stated that Powell should resign because he did not lower interest rates. (FXStreet) [BlockBeats News]

Hasset: Whether Trump Fires Powell or Not, Fed's Response to Headquarters Renovation Is Key

White House economic adviser Kevin Hassett said on Sunday that U.S. President Donald Trump has the right to fire Federal Reserve Chairman Jerome Powell if there is evidence to support it, adding that the Fed is "very responsible" for cost overruns in the renovation of its Washington headquarters. Hassett said any decision by Trump to fire Powell would largely depend on the Fed's response to questions about the headquarters renovation. White House budget office director Russ Vought last week slammed Powell for "lying" about the Fed building renovation. Trump has repeatedly said that Powell should resign because he has not lowered interest rates. (Golden Ten) [Odaily Planet Daily News]

White House Advisor: The Fed's Answer on Headquarters Renovation Is Key to Whether Trump Fires Powell

On July 13 (UTC+8), White House economic adviser Hassett said on Sunday that U.S. President Trump has the right to fire Federal Reserve Chairman Powell if there is evidence to support it, adding that the Federal Reserve "bears a lot of responsibility" for the cost overruns in the renovation of its Washington headquarters. Hassett said that any decision by Trump to fire Powell would largely depend on the Federal Reserve's response to the headquarters renovation issue. White House Budget Office Director Vought last week slammed Powell for "lying" about the Federal Reserve building renovation. Trump has repeatedly said that Powell should resign because he has not lowered interest rates. (Source: Jinshi) [MetaEra]

White House Advisor: Whether Trump Fires Powell Depends on the Fed's Answer to Headquarters Renovation

On July 13, White House economic adviser Hassett said that the Federal Reserve has a lot to explain regarding cost overruns for renovations. If there is reason to fire Powell, Trump has the right to take action. [Deep Tide TechFlow]

Hassett: Trump has the right to take action if there is reason to fire Powell

On July 13, White House economic adviser Hassett said that the Federal Reserve has a lot to explain regarding cost overruns for renovations. If there is reason to fire Powell, Trump has the right to take action. [BlockBeats]

Hassett: Trump has the right to act if there is reason to fire Powell

White House economic adviser Hassett said that if there is a reason to fire Federal Reserve Chairman Powell, Trump has the right to take action. (Golden Ten) [Odaily Planet Daily]

White House economic adviser Hassett: Trump has the right to take action if there is reason to fire Powell

7月13日，白宫经济顾问Hassett表示，美国总统Trump有权在有证据支持的情况下解雇联邦储备委员会主席Powell，并补充说联邦储备委员会对其位于华盛顿总部的装修超支负有很大责任。 Hassett称，Trump是否解雇Powell在很大程度上取决于联邦储备委员会对总部装修问题的回应。白宫预算办公室主任Vought上周批评Powell对联邦储备大楼装修“撒谎”。Trump则多次表示Powell应该辞职，因为他没有降低利率。（Golden Ten） [BlockBeats]

Hassett：美联储对总部翻新的回应是特朗普是否解雇Powell的关键

7月13日，白宮經濟顧問Hassett表示，美國總統Trump有權在有證據支持的情況下解僱聯邦儲備委員會主席Powell，並補充說聯邦儲備委員會對其位於華盛頓總部的裝修超支負有很大責任。 Hassett稱，Trump是否解僱Powell在很大程度上取決於聯邦儲備委員會對總部裝修問題的迴應。白宮預算辦公室主任Vought上週批評Powell對聯邦儲備大樓裝修“撒謊”。Trump則多次表示Powell應該辭職，因爲他沒有降低利率。（Golden Ten） [BlockBeats]