“According to Trump, whose mind is now mushier than Gerber baby food, this is Biden in 2017 appointing Jerome Powell to be Fed chair,” one user said . Another added, “Either Trump is senile and can't remember HE was the one who appointed Powell, or he is assuming his followers will accept his obvious lie yet again.”

In a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him.

President Trump is commenting on Federal Reserve Chair Jerome Powell as reports emerge that he is considering firing him. Mr. Trump has been calling for Powell to cut interest rates as the U.S. navigates inflation.

When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."

President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had "talked about the concept of firing" the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

The coalition against Powell appears to be growing by the day. The director of the Federal Housing Finance Agency (FHFA), Bill Pulte, has accused the chairman of political bias and called for a congressional investigation into his leadership.

There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Jerome Powell from the helm of the central bank,