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

President TrumpDonald TrumpSenators given no timeline on removal of National Guard, Capitol fence Democratic fury with GOP explodes in House Georgia secretary of state withholds support for 'reactionary' GOP voting bills 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 TrumpJill Biden picks up where she left off The Hill's 12:30 Report: Biden navigates pressures from Dems Former first lady launches 'Office of Melania Trump' 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 YellenSEC to update climate-related risk disclosure requirements The economic trends that will create post-pandemic policy challenges Powell pushes back on GOP inflation fears MORE, who resigned in November 2017.