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Trump Denies Plans to Fire Fed Chair Jerome Powell Amid Renovation Row

President Trump has dismissed reports of firing Federal Reserve Chair Jerome Powell, despite GOP criticism and controversy over the Fed's $2.5B renovation. Trump called the claims false but didn’t entirely rule it out if fraud is found. Here’s what he said, how markets reacted, and what it means for the future of the Fed.

first published: Jul 16, 2025 11:25 pm

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