GOP senators warn Trump that firing Powell would send ‘shock wave’ through economy

Jul 16, 2025 - 21:01
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GOP senators warn Trump that firing Powell would send ‘shock wave’ through economy
Senate Republicans are warning President Trump that it would be a big mistake to follow through on his threat to fire Federal Reserve Chair Jerome Powell, saying it would likely send a “shock wave” through the financial markets and roil the broader economy. GOP senators, including lawmakers closely allied with Trump, warn that any move…