Mnuchin says Trump doesn't believe he has the right to fire the Fed chair, despite reports saying he has privately discussed the possibility
Associated Press/Evan Vucci
- Treasury Secretary Steven Mnuchin said Saturday that President Donald Trump reassured him that he has never suggested firing Federal Reserve Chairman Jerome Powell.
- Mnuchin tweeted that Trump believed he didn't have the power to do so.
- The statement comes in contrast with a Bloomberg report on Friday that said Trump has repeatedly mentioned wanting to fire Powell over raising interest rates multiple times this year.
The advisers also said they weren't certain Trump would actually oust Powell, and said they hoped Trump's rage would die down over the holidays.
Powell has chaired the Fed since February, when he took over from Janet YellenDavid Choi contributed reporting.
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