Trump's Power Over Fed Chair Confirmed by White House Adviser

In a revealing interview with ABC, Kevin Hassett, a key White House economic adviser, disclosed that President Donald Trump possesses the authority to remove Jerome Powell from his position as Federal Reserve Chair, provided there is a valid reason. "Should there be cause to terminate Powell, Trump undeniably has the power to do so," Hassett emphasized.

Additionally, Hassett, who also serves as the director of the National Economic Council (NEC), shared insights into Trump's perspective on proposed trade agreements. The president has a foundational understanding of these deals' frameworks but insists they require further "enhancements" to meet his administration's standards.