A Fed spokesperson said the chair can “only be removed for cause.”
The White House counsel’s office weighed the legal implications of stripping Powell of his chairmanship.
The Trump administration hopes to offset the impact of its trade disputes with aid for farmers.
The dinner event was held at the triplex penthouse of Cantor Fitzgerald CEO Howard Lutnick.
Democrats and Trump have floated the idea of raising the 18.4-cents-a-gallon tax for the first time since 1993.
Republicans on Capitol Hill are becoming concerned about the president's failure to nominate Fed governors.
Stephen Moore is pulling out of consideration for a Fed post hours after he said he was “all in.”
Stephen Moore faces objections to his potential Fed nomination from Senate Republicans.
Progress may be slowing in the U.S.-China trade talks.
Amazon's Jeff Bezos has accused the National Enquirer of blackmail.
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