Officials told CNN that the move to ouster Bannon had been in preparation for almost two weeks and while he was handed the option of resigning, the Chief Strategist was ultimately forced out.

White House press secretary Sarah Huckabee Sanders later confirmed the news.

"White House Chief of Staff John Kelly and Steve Bannon have mutually agreed today would be Steve's last day. We are grateful for his service and wish him the best," Sander's statement read.

According to reports, Bannon had fallen out of favour with the US President, who he had contradicted once during an interview about the America-North Korea conflict.

Interestingly, Bannon, who joined Trump last year, is the man behind the US President overt display of nationalism.

Speaking to The Weekly Standard after his firing on Friday, Bannon said, "We still have a huge movement, and we will make something of this Trump presidency."

He added, "But that presidency is over. It'll be something else. And there'll be all kinds of fights, and there'll be good days and bad days, but that presidency is over."

Bannon, who is from the conservative Breitbart News Network, returned to the role of executive chairman and chaired the evening editorial meeting, reports added.

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