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12-21-2018, 11:05 PM
Trump Said to Discuss Firing Fed's Powell After Latest Rate Hike
Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move. Any attempt by Trump to push out Powell would have potentially devastating ripple effects across financial markets, undermining investors’ confidence in the central bank’s ability to shepherd the economy without political interference.
https://finance.yahoo.com/news/trump-said-discuss-firing-fed-044224175.html?.tsrc=rss
Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move. Any attempt by Trump to push out Powell would have potentially devastating ripple effects across financial markets, undermining investors’ confidence in the central bank’s ability to shepherd the economy without political interference.
https://finance.yahoo.com/news/trump-said-discuss-firing-fed-044224175.html?.tsrc=rss