President says ‘I’d be able to do that if I wanted but I haven’t suggested that’ when asked if he had considered such a moveDonald Trump has denied threatening to demote Jerome Powell, the chair of the Federal Reserve. Fed chairman on reports that Trump is seeking to oust him: 'I'm here to stay' Read more“I didn’t ever threaten to demote him,” the president told NBC’s Meet the Press in an interview broadcast on Sunday. What he’s done is he raised interest rates too fast.”Bloomberg reported this week that Trump has grown frustrated with Powell and discussed removing him with advisers. The president also attempted to place Herman Cain and Stephen Moore, political allies, on the board of the Fed. No, I don’t think he’s done a good job.

Source: The Guardian June 23, 2019 14:15 UTC