#TrumpVsPowell The President of the United States, Donald Trump, and his administration are considering removing Jerome Powell, the chairman of the Federal Reserve (Fed), according to the White House's chief economic advisor who spoke this Friday.

“The president and his team will continue to study the matter,” expressed the director of the National Economic Council, Kevin Hassett, when asked about the possibility of removing the chairman of the Central Bank, one day after Trump harshly criticized him.

The President of the U.S. does not have direct authority to remove the heads of the Federal Reserve, but Trump could initiate a lengthy process to try to oust him if he demonstrates that there is a “cause” for doing so.

Trump frequently criticizes the head of the Federal Reserve, whom he originally appointed during his first term.