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Trump Denies Plan to Ax Powell | Balance of Power: Early Edition 7/16/2025

ByFeatured Youtube Videos

Wednesday, Jul 16, 2025 9:26 pm ETmin read

Aime Summary

- Trump denies planning to remove Federal Reserve Chair Powell, addressing recent speculation about leadership changes.

- Constitutional rules require valid cause for removal, limiting presidential authority over Fed independence.

- Denial aims to reassure markets amid concerns over political interference in monetary policy decisions.

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