Trump has discussed firing Fed chief after latest interest rate hike: report

President TrumpDonald John TrumpTrump claims media 'smeared' students involved in encounter with Native American man Al Sharpton criticizes Trump’s ‘secret’ visit to MLK monument Gillibrand cites spirituality in 2020 fight against Trump’s ‘dark’ values MORE has discussed firing Federal Reserve chairman Jerome Powell after the central bank announced this week that it would raise interest rates, Bloomberg reports

The Fed’s policymaking arm, the Federal Open Market Committee, voted Wednesday to raise the baseline interest rate range to 2.25 to 2.5 percent, a 0.25 percentage point increase.

The decision was staunchly opposed by Trump, who had for months argued that rates should not rise. 

According to Bloomberg, the decision led Trump to privately discuss firing Powell. Unnamed advisers told the news outlet that they hoped the president would back down from the threats over the Christmas holiday.

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Trump is expected to join his wife Melania TrumpMelania TrumpOvernight Defense: Trump says he won't declare emergency 'so fast' | Shutdown on track to become longest ever | Military begins withdrawing equipment from Syria | Bolton taps new deputy Bolton names replacement for deputy who clashed with first lady The Hill's Morning Report — Groundhog Day: Negotiations implode as shutdown reaches 20 days MORE at his private Mar-a-Lago club in Florida at some point over the next week, though those plans were delayed Friday by congressional negotiations concerning the government shutdown.

The White House did not immediately respond to a request for comment from The Hill late Friday night on Bloomberg's report.

Powell publicly pushed back against the president earlier this month after Trump tweeted urging the Fed to resist raising interest rates, citing a stock market selloff.

“I know, and everyone who works at the Fed knows, that we’re going to do our jobs the way we’ve always done them,” Powell said at a press conference at the time.

Trump previously said in October that he would "maybe" regret selecting Powell to succeed the Federal Reserve's previous chairwoman, Janet YellenJanet Louise YellenTrump fight with Fed blows over Overnight Energy: House Dem to offer measure backing Paris climate deal | Former Federal Reserve chiefs call for carbon tax | Watchdog urges agencies to update climate guidance Former Federal Reserve chairs, economists, back carbon tax MORE, who resigned in November 2017.