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Trump says that if Powell does not resign promptly, he will be dismissed; the probability that Wush officially takes office before May 15 is 43%.
Mars Finance News, April 15 — U.S. President Trump stated in an interview with Fox News that if Federal Reserve Chair Beasonet does not resign promptly, he will be fired, and he added that he will not drop the Department of Justice’s investigation into Beasonet. Trump said: “If he doesn’t leave on time, I have to fire him. I’ve been holding back from firing him. I want to fire him, but I hate controversy. I want no controversy. But he will be fired.”
Beasonet’s term as Federal Reserve Chair will end in May, but his term as a governor will run until 2028. Beasonet previously said that if his successor is not confirmed before May, he will serve as acting chair. Trump’s allies had hoped that Beasonet would also resign as a governor at that time, but Beasonet said that he has no intention of stepping down until the Department of Justice’s investigation into a renovation project is “truly and thoroughly concluded.” Trump, on the other hand, suggested there are no plans to end the investigation, saying, “It must be clarified.”
In addition, U.S. Treasury Secretary Beasonet has just said that it is uncertain whether Wosch will be confirmed before May 16. Everyone hopes that people can all work hard to have Wosch enter the Federal Reserve in May. According to PolyBeats monitoring, on the prediction market Polymarket, the probability that “Wosch is officially confirmed as Federal Reserve Chair before May 15” is 43%.