#TrumpVsPowell ◾ Trump has been meeting privately since late 2023 to discuss firing Powell
◾ He even consulted former Fed Governor Kevin Warsh about replacing Powell
◾ Warsh advised against firing Powell, but discussions continued until March 2024
◾ Trump claimed he has the power to oust Powell anytime: “If I wanted him out, he would be out very quickly”
✔ Why Trump Wants Powell Out
◾ Trump has expressed frustration that Powell didn’t cut interest rates faster
◾ He accuses Powell of “playing politics” ahead of the 2024 election
◾ Trump posted on Truth Social: “Powell’s ouster can’t come fast enough!”