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This is a clear chess move. Trump wants Powell to resign from the Fed once his term as Chair ends in 2026.
If Powell does not resign, he then becomes another Fed Governor with a seat at the FOMC.
If Powell resigns, then Trump gets to appoint two new Fed Governors instead of only one: Miran and someone else.
13.8. klo 01.27
WH Press Sec. Leavitt: President Trump Is Considering A Lawsuit Against Fed Chair Powell
- Declines To Give Further Details
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