
National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.” Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. 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.
Main Idea: Kevin Hassett said the White House is looking into whether President Donald Trump can fire Federal Reserve Chair Jerome Powell.
Key Points:
Talk of firing Fed Chair Powell could shake markets, raise borrowing costs, and add uncertainty for families, workers, and small businesses.
No clear positive impact identified.
Rate how each entity in this article affected the American people.
National Economic Council Director whose comments on firing Jerome Powell are the article’s main news peg.
Central political actor discussed throughout for his pressure on the Federal Reserve Chair and tariff decisions.
Federal Reserve Chair at the center of the firing discussion and criticism from Trump.
Office of Management and Budget Director whose letter and questions about Fed renovations are a major part of.
Named federal body involved through Russell Vought’s criticism and questions about the Federal Reserve project.
Referenced for a recent ruling relevant to the president’s authority over independent agencies.
Platform used by President Trump for a central post about Powell’s termination.
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