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President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, after they signaled support for the move, a senior White House official told CNBC.
Amid repeated denials from administration officials and high-ranking Republicans, the exchange came Tuesday evening in the Oval Office, following Republicans blocking a vote on cryptocurrency legislation that Trump has favored.
“The President asked lawmakers how they felt about firing the Fed Chair. They expressed approval for firing him. The President indicated he likely will soon,” said the official, who spoke on the condition of anonymity to speak candidly on the issue.
Trump, however, indicated at a White House press event that a move is not imminent.
“We’re not planning on doing it,” he said. “I don’t rule out anything. It’s highly unlikely. … There could be something to that.”
Separately, the New York Times reported that Trump has gone so far to draft a letter for firing Powell and showed it to lawmakers during that meeting.
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