#TrumpVsPowell

XRP

2.0823

+0.12%

$BNB

BNB

591.29

-0.36%

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

Hassett responded to a question at the White House about whether firing Jerome Powell was an option by saying, "The president and his team will continue to study this issue."

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

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