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June 18, 2019, 4:37 p.m. EDT

Trump on potential Powell demotion: 'Let's see what he does'

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By Greg Robb

President Donald Trump, asked by reporters Tuesday if he still wants to demote Federal Reserve Chairman Jerome Powell, replied: "Let's see what he does." Trump said he was not getting a "level playing field" with other countries, noting that the European Central Bank has a "much different stance" than the Fed. The questions were prompted by a Bloomberg News report that the White House counsel explored the legality of stripping Powell of his chairmanship and leaving him on the board as a governor.

Read the full story:
Trump Today: President sets ‘extended’ meeting with Xi as he rebukes Draghi over possible new stimulus
White House explored legality of demoting Powell from chairman, report says

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