Fed Chairman Powell’s Job Is ‘100 Percent’ Safe, Trump Adviser Hassett Says

Fed Chairman Powell’s Job Is ‘100 Percent’ Safe, Trump Adviser Hassett Says
US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington Dec. 19, 2018. JIM WATSON/AFP/Getty Images
Bowen Xiao
Bowen Xiao
Reporter
|Updated:

A top White House economic adviser said that U.S. Federal Reserve Chairman Jerome Powell would not be losing his job due to the recent stock-market plunge. President Donald Trump had reportedly considered ousting Powell for raising interest rates, which he blamed for the recent tumble.

Kevin Hassett, the current chairman of the Council of Economic Advisers, told reporters Dec. 26 that Powell’s job was “100 percent” safe. It’s unclear if the president can legally dismiss Powell.

Bowen Xiao
Bowen Xiao
Reporter
Bowen Xiao was a New York-based reporter at The Epoch Times. He covers national security, human trafficking and U.S. politics.
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