Trump: I'll fire Fed Chair Powell if he stays past term

President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires next month.

The timing of Powell’s departure from the Fed has been complicated by the Department of Justice’s criminal investigation into the Fed chair that accuses Powell of lying to Congress in testimony last year about the Fed’s $2.5 billion-dollar renovation of its Washington, DC, headquarters. It’s a subject the Trump administration has zoned in on as part of its repeated criticism of Powell’s leadership of the Fed.

0:00 Trump says he would fire Fed Chair Jerome Powell
2:36 Why Jerome Powell is under DOJ investigation
3:58 Is Trump delaying his Fed chair pick?
5:35 Can Trump legally fire the Fed chair?
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