Trump aide Kevin Hassett says Powell should ‘move on’ from Fed board

Kevin Hassett, a former economic advisor to Donald Trump, has suggested that Jerome Powell should step down from the Federal Reserve's board of governors. Powell has been serving on the board since leaving his position as chair in May, a move that breaks with the precedent of Fed chairs leaving the central bank after their leadership term ends. This development could have implications for the Fed's leadership and potentially influence its monetary policy decisions, which in turn can impact the economy and markets.

Why it matters

A Trump aide is calling for Powell to step down from the Fed board. This could lead to a change in the Fed's leadership and potentially impact monetary policy decisions.

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