Trump administration checking whether Federal Reserve chairman can be fired

Kevin Hassett, the head of the National Economic Council, addressed reporters at the White House on Friday, discussing topics such as tariff negotiations, a budget bill, and the potential firing of Federal Reserve Chairman Jerome Powell. He mentioned that the Republican tax legislation is expected to be passed by Congress in the summer and highlighted ongoing trade deals with various partners. President Trump has expressed dissatisfaction with Powell and hinted at the possibility of removing him before his term ends. Hassett also expressed optimism about the budget bill being approved and provided updates on tariff negotiations and trade deals.