Trump privately discussed firing Powell and replacing him with former Fed governor Warsh

ChainCatcher news, according to the Wall Street Journal, informed sources revealed that President Trump has been privately discussing the dismissal of Federal Reserve Chairman Powell for months, but he has not yet made a final decision on whether to oust him before the end of his term next year. Sources said that during a meeting at Mar-a-Lago, Trump discussed the possibility of firing Powell before the end of his term with former Federal Reserve governor Kevin Warsh, who could potentially be chosen to replace him. However, Warsh advised against firing Federal Reserve Chairman Powell and believed he should be allowed to finish his term without interference. U.S. Treasury Secretary Basant also opposed Trump's intention to remove Powell.