Trump Won’t Try to Fire Fed Chairman Powell, Treasury Secretary Says

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President Trump hasn’t suggested firing Federal Reserve Chairman Jerome Powell and doesn’t believe he has the authority to do so, Treasury Secretary Steven Mnuchin said Saturday.

Mr. Trump has been furious over the Fed’s decision to raise interest rates this past week, say people familiar with the matter, and he is also unhappy over the central bank’s effort to shrink its holdings of bonds acquired after the 2008 financial crisis.

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