Federal Reserve Chairman Jerome Powell is reportedly safe for now from President Trump's wrath — White House budget chief Mick Mulvaney said Sunday that Trump knows he "doesn't have the ability" to ax Powell — but that doesn't mean heads aren't on the chopping block over the sliding stock market. Following the worst week for U.S. markets in a decade, Trump's relationship with Treasury Secretary Steven Mnuchin has soured, The Washington Post reports:
Mnuchin had enjoyed a relatively close relationship with Trump until recent months. Trump has blamed Mnuchin for recommending Powell to the Fed job, and Trump has also fumed at Mnuchin over the stock market's poor performance this year. [The Washington Post]
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