United States

What happens to Fed Chairman Jerome Powell if Trump gets re-elected?

Breaking News EmailsGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.SUBSCRIBEFeb. 11, 2020, 9:15 PM UTCBy Martha C. WhiteIf President Donald Trump wins re-election in November, he could throw the economy into disarray with an assault on the Federal Reserve as he seeks to remake the central bank in his own image — and compliant with his whims."If Trump wins the election, he'll believe he has a mandate to fire" Federal Reserve Chairman Jerome Powell, said Mitchell Goldberg, president of ClientFirst Strategy.Trump has threatened to dismiss Powell — whom he tapped in 2017 to head the Fed — but Powell has responded by saying that he believes he cannot be fired without cause and tha ...