Chuck Schumer: “The president renewed his threats against Reserve Chair…”

“On the Fed this morning, once again, Donald Trump escalated his attacks on the independence of the Federal Reserve. In an interview on Fox Business, The president renewed his threats against Reserve Chair Jerome Powell, saying that if Powell doesn't leave, he will fire him. There are no legitimate grounds for the president to remove the chair of the Federal Reserve for simply doing his job.” (07:44–07:53)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.