Trump \u2014 who has entertained firing Powell, launching attacks against him for not cutting interest rates \u2014 described him as a \u201cterrible\u201d Fed chair before adding that he was \u201csurprised\u201d that Biden \u201cput him in and extended him.\u201d<\/p>\n
In reality, Trump nominated Powell to the post in 2017 before Biden renominated him for a second term in 2021. He was confirmed by the Senate in both instances.<\/p>\n
Klepper jokingly took the president\u2019s suggestion at face value.<\/p>\n
\u201cYeah! Yeah, why did Joe Biden<\/a> put Jerome Powell in? Let\u2019s go back to when Joe Biden appointed Jerome Powell and see what Joe Biden said about him,\u201d said Klepper, teeing up a clip of Trump announcing Powell as his Fed chair pick.<\/p>\n \u201cI get it. I\u2019m also trying desperately to forget everything that happened during Trump\u2019s first term,\u201d Klepper quipped.<\/p>\n Klepper then highlighted Trump\u2019s \u201cpretty much nonstop\u201d threats to fire Powell before turning to comments showing that Powell doesn\u2019t seem \u201cfazed\u201d by the president\u2019s talk.<\/p>\n Powell, when asked if he believes the president has the power to \u201cfire or demote\u201d him back in November, had a simple response<\/a>: \u201cNot permitted under the law.\u201d<\/p>\n \u201cWow!\u201d said Klepper as the \u201cDaily Show\u201d crowd applauded Powell, who repeated his comments in the clip.<\/p>\n Klepper joked, \u201cHe went on to add, \u2018Try me, bitch.\u2019\u201d<\/p>\n 20 Years OfFreeJournalism<\/p>\n Your Support Fuels Our Mission<\/p>\n Your Support Fuels Our Mission<\/p>\n For two decades, HuffPost has been fearless, unflinching, and relentless in pursuit of the truth. Support our mission to keep us around for the next 20 \u2014 we can’t do this without you.<\/p>\n We remain committed to providing you with the unflinching, fact-based journalism everyone deserves.<\/p>\n Thank you again for your support along the way. We\u2019re truly grateful for readers like you! Your initial support helped get us here and bolstered our newsroom, which kept us strong during uncertain times. Now as we continue, we need your help more than ever.