Trump confirms private talks about firing Jerome Powell, swears he’s ‘highly unlikely’ to do so as markets gyrate

Trump confirmed that at a meeting at the White House on Tuesday night with about ten Republicans in the House of Representatives, the “concept” discussed Powell, a long goal because of his refusal to reduce interest rates as Trump wants.

Trump said about the legislators who came to him about the encryption legislation: “Almost each of them said.”

He indicated that he was inclined in this direction, according to the White House official. During that session, Trump waved a message about shooting Powell, but the person familiar with the matter said that it was basically a pillar that another person formulated and that the Republican President did not make such a message.

None of the source was declared to discuss the private meeting publicly, and they only spoke on the condition that his identity was not disclosed.

Trump commented about “very unlikely” to refuse Powell – “unless he had to leave for fraud” – during a meeting of an oval office with Salman bin Hamad Al -Shatha, the Crown Prince Bahrain.

In recent days, White House officials and administration Powell accused Powell of issuing a $ 2.5 billion renewal project at the Federal Reserve, adding months of efforts by Trump to rid himself of a political, independent political central banker.

American stocks were fragile as Trump spoke about Powell on Wednesday. The humble gain of S&P 500 in the morning became 0.7 % decrease after preliminary reports that the president may shoot at the Federal Reserve Chair. The stocks then reduced their losses after Trump’s comment later.

The treasury revenues are in the bond market, but they are often calm.

Those who at the White House meeting were among the most right -wing legislators, including members of freedom in the House of Representatives whose opinions were not always shared by their views by other Republicans. In the Senate, Republicans have followed a more guardian approach. Some support Powell’s performance at the Federal Reserve, where they are waiting for the Inspector General of the Building Project to review.

“You will see a very immediate response.”.

“If anyone believes that it would be good that the Federal Reserve would become another government agency in the government, they are making a big mistake,” said Teleres, who announced that he was not nominated for his re -election.

Senator John Kennedy, R. La, said. This week, Powell “did a decent job.”

“I don’t think it was perfect,” he said, adding that there were times when they differed, but “I think the president calls them as he sees them.”

Republicans were scheduled to meet with the parliament’s Financial Services Committee with Powell on Wednesday evening in a group of gathering months ago, but it was suddenly canceled due to votes in the House of Representatives, according to the assistant committee granted to hide the identity to discuss a special meeting.

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AP Stan Choe’s business writer in New York and AP correspondent in congress Lisa Mascaro and Associated Press Stephen Groes contributed to this report.