Trump repudiates draft letter to fire US Fed chair Powell

United States President Donald Trump has denied plans to fire US Federal Reserve Chair Jerome Powell, after media reports that the president is likely to do so soon triggered a drop in stocks and the dollar, and a rise in Treasury yields. Such reports are not true, Trump said on Wednesday.

Al Jazeera's White House Correspondent, Kimberly Halkett reports from Washington DC.

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Post from Al Jazeera on July 16, 2025

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