#TrumpVsPowell

XRP

2.0823

+0.12%

$BNB

BNB

591.29

-0.36%

The White House economic advisor Kevin Hassett stated on Friday that President Donald Trump and his team are considering the possibility of dismissing Jerome Powell, the Chairman of the Federal Reserve.

Hassett responded to a question at the White House about whether the dismissal of Jerome Powell is an option being considered: "The President and his team will continue to study this matter."

Hassett's statement came a day after Trump intensified a longstanding dispute with Powell, accusing him of acting "for political purposes" by not lowering interest rates.

Trump added that he has the authority to remove Powell from his position "very quickly."