The Wall Street Journal: Trump Privately Discussed Firing Powell and Appointing Former Fed Governor Warsh as Successor

According to The Wall Street Journal, sources familiar with the matter revealed that President Trump has been privately discussing for months the possibility of firing Federal Reserve Chairman Powell, although he has yet to make a final decision on whether to remove him before his term ends next year. Sources say that during a meeting at Mar-a-Lago, Trump discussed with former Fed Governor Kevin Warsh the possibility of firing Powell before his term ends and potentially selecting Warsh as his replacement. However, Warsh advised against dismissing Federal Reserve Chairman Powell, believing that his term should end without interference. U.S. Treasury Secretary Besent also opposed Trump's intention to remove Powell.