Fed, Trump and Jerome Powell
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Jerome Powell, Trump and High
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The president wants to reduce the trillion-dollar interest cost of the government. To do so he needs the Fed to slash rates, Treasury to hike T-bill issuance, and stablecoins to boost demand.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any guarantee of a courtroom victory for the White House.
Show" host Jordan Klepper breaks down exactly why Trump is so angry at his Federal Reserve Chair Jerome Powell
Donald Trump is once again turning up the heat on Federal Reserve Chair Jerome Powell, this time calling him “truly one of my worst appointments” and blaming him directly for freezing out young homebuyers with high interest rates.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
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,