US media: Trump has privately discussed firing Powell and letting former Fed Governor Walsh take over

According to the Wall Street Journal, according to people familiar with the matter, President Trump has been privately discussing firing Federal Reserve Chairman Jerome Powell for months, but he has not yet made a final decision on whether to remove him from office before the end of his term next year. At the Mar-a-Lago meeting, Trump discussed with former Fed Governor Kevin Warsh the possibility of firing Powell before the end of his term and possibly choosing Walsh to replace him, but Walsh suggested not firing Fed Chair Powell and argued that he should be allowed to end his term without intervention, people familiar with the matter said. U.S. Treasury Secretary Bessant also opposed Trump’s intention to remove Powell.