Trump, Powell and Federal Reserve
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Barron’s spoke with Tobin Marcus, head of U.S. policy and politics with Wolfe Research and a former White House advisor during the Obama era, about what could unfold if Trump follows through on such a move. An edited version of our conversation is below.
Bond powerhouse Pimco hasn’t adjusted its positions in light of Trump’s threats to push Powell out, even with the potential for dramatic moves in Treasurys if it were to happen, according to people close to the situation.
President Donald Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.
As President Trump floats the idea of firing Federal Reserve Chair Jerome Powell, Yahoo Finance Senior Legal Reporter Alexis Keenan breaks down the hurdles required for the president to actually remove the central bank chair and why the law is set up this way.
President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he appointed to the position in 2017. The move followed months of criticism by Trump of Powell,
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Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
Lifted a ban on sales of powerful computer chips to China, potentially helping the US’s top rival close the gap in the AI race. Told GOP lawmakers he would soon fire Federal Reserve Chair Jerome Powell — only to reverse himself when markets tumbled.