Trump Denies Plans to Fire Powell, Calls Rumors Fake News

President Trump has vehemently denied any plans to remove Federal Reserve Chairman Jerome Powell, labeling reports suggesting otherwise as "fake news." The White House has been consistent in its stance, dismissing rumors and anonymous sources that have circulated, particularly on social media platforms. The administration has pushed back against the idea that Trump is considering a 90-day pause on tariffs, as well as other speculative reports, asserting that these are baseless and intended to mislead the public.

Trump has been vocal about his disapproval of Powell's monetary policies, frequently criticizing the Federal Reserve's decisions on social media. However, despite his public disagreements, the President has maintained that there are no plans to dismiss Powell from his position. This stance has been reiterated by the White House, which has consistently refuted any rumors or reports suggesting otherwise.

The administration's response to these rumors has been swift and decisive. They have dismissed the idea that Trump is considering a 90-day pause on tariffs, labeling it as "fake news" after it spread on social media. This pushback is part of a broader effort to combat what the White House perceives as misinformation and false narratives being spread by anonymous sources and certain media outlets.

Within the White House, some senior officials took Trump's recent public suggestion to fire Powell seriously. As Trump's criticism of the Fed Chairman escalated last week, White House lawyers privately reviewed legal options to try to remove Powell. However, these discussions came to an abrupt halt when Trump told his senior aides that he would not attempt to remove Powell. This decision was influenced by the intervention of Treasury Secretary Mnuchin and Commerce Secretary Ross, who warned Trump that such an action could trigger far-reaching market turmoil and a messy legal battle. Ross also advised the President that firing the Fed Chairman would likely not lead to any actual changes in interest rates, as other members of the Fed committee would likely pursue monetary policies similar to Powell's.

The White House has also addressed the issue of recruitment numbers, stating that they are at their highest in 28 years. This statement was made in response to claims that the administration is facing challenges in recruitment, which the White House has dismissed as "fake news." The administration has been proactive in addressing these rumors, asserting that they are part of a broader effort to undermine the President's agenda.

In summary, President Trump has denied any plans to fire Federal Reserve Chairman Jerome Powell, labeling reports suggesting otherwise as "fake news." The White House has been consistent in its stance, dismissing rumors and anonymous sources that have circulated, particularly on social media platforms. The administration has pushed back against the idea that Trump is considering a 90-day pause on tariffs, as well as other speculative reports, asserting that these are baseless and intended to mislead the public. The White House has also addressed the issue of recruitment numbers, stating that they are at their highest in 28 years, and has dismissed claims that the administration is facing challenges in recruitment as "fake news."