Stephen Groves.

Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from Republican senators. They fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker. As Trump seemingly waffled back and forth between moving to dismiss the Fed chair this week, some Republicans in Congress began to speak up to warn that such a move would be a mistake. Still, plenty of other Republicans think that dismissing Powell is a fine idea.