Wall Street Journal: Trump's plot to remove Powell's script leaked, and the Fed's successor surfaced
according to informed sources, Trump has been privately discussing the issue of firing Federal Reserve Chairman Powell for several months, but he has not made a final decision on whether to remove him from office before the end of Powell's term next year. The sources said that at a meeting held at the Mar-a-Lago estate, Trump discussed the possibility of firing Powell before the end of his term and possibly choosing Warsh to replace him with former Federal Reserve Board Governor Kevin Warsh.
According to sources, Warsh had advised against firing Powell and believed that the Fed chairman should be allowed to complete his term without interference. However, at a meeting held in the Oval Office on Thursday, Trump said he believed he had the right to remove Powell from office. Trump said, "If I want him to leave, he will leave quickly, believe me." Trump also said he was not satisfied with Powell.
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