Fed, White House and Powell
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President Donald Trump signed the HALT Fentanyl Act, which aims to combat the fentanyl crisis into law, during an event in the East Room of the White House. Trump was accompanied by various lawmakers and family members who have lost loved ones to the epidemic.
A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any guarantee of a courtroom victory for the White House.
In a letter Thursday, the Federal Reserve chief rejected criticism the White House has leveled at him over the cost of renovation projects.
Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.