Trump Backtracks on Fed Fight: Powell’s Job Safe ‘Unless It’s Fraud’
In a moment that blended diplomatic decorum with domestic drama, President Donald Trump on Wednesday declared it was “highly unlikely” he would fire Federal Reserve Chair Jerome Powell — hours after reports surfaced that he had recently entertained the idea in private. Trump’s reassurance, delivered during an Oval Office meeting with Bahrain’s Crown Prince Salman bin Hamad Al Khalifa, did little to quiet speculation in Washington and on Wall Street…