White House Responds to Powell Resignation Rumors

Key Points

1. Donald Trump has publicly criticized Jerome Powell, calling him 'a fool' and suggesting he could remove Powell if there is justified cause.

2. Trump's potential removal of Powell could politicize the Federal Reserve, which may not be favored by markets.

3. Despite rumors, Powell has not resigned yet, but he is under significant pressure to do so.

4. Kevin Hassett, a key advisor, noted that Trump has the authority to remove Powell under certain conditions.

5. The article mentions that Powell's departure could have significant implications for market speculation and investor sentiment.