Trump Threatens To Fire Powell If He Stays Beyond May

U.S. President Donald Trump has again threatened to fire Federal Reserve Chair Jerome Powell if he does not leave office when his term as chair ends in May. The Trump administration has nominated Kevin Warsh to succeed Powell; however, his confirmation is currently tied up in the Senate. Historically, Fed chairs typically resign from the board once their leadership term ends; however, Powell stated in March that he has no intention of leaving until a Department of Justice investigation into the...