Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
- President Donald Trump This week, the Fed President Jerome Powell’s “termination of termination can not come fast enough,” he said. This caused the president to have the power to eliminate the federal reserve leadership. Chicago Fed President Austan Golsbee said the action could “disrupt the reliability of the Fed.”
This week, President Donald Trump set up shout With the Federal Reserve Chair Jerome powder After the head of the Central Bank A speech The president’s restart, warned the impact of tariffs again.
“The level of tariff growths, which is so far, is much larger than expected, and the same probably belongs to the economic impact that will cover higher inflation and slow growth,” said Powel spoke about Wednesday during his speech at Chicago’s economic club.
Trump fast retreated Criticizes Powell’s next day not to lower interest rates.
“‘Very late’ Jerome ‘Jerome Powell, always very late and wrong, yesterday, yesterday, yesterday, the Typical, Full’ confusion! ‘” Trump wrote in social media post. “Powell’s termination can’t come fast enough!”
Although Trump is as if it is as if Power to remove the Fed chairThis is due to the fact that the presidential Franklin Roosevelt could not take off an independent body without a good reason, it comes as a direct problem for a precedent 100 years. Meanwhile, many critics are afraid of a movement by Trump to remove Powell.
Fed presidents do not comment on politics for the central bank to work as a political institution, but Trump is afraid to find a way to delete Powell.
“I hope that we should not act in an environment in which ourselves are interrogated by ourselves,” said Chicago Fed President Austan Goolsbee tell CBSOn Sunday, Margaret Brennan faced the nation and the nation. “Because this violates the reliability of the Fed.”
Goolsbee also noted the fact that the funds of the fed are the independence of political intervention is “virtual unanimity” among economists.
“It’s not just a theory, not only money in the independence of money,” said Goolsbee, “said Goolsbee. “Fed or any central bank can do the work that needs to do ((position) really matters.”
Powell seemed confident that Trump could not be fired by Trump and asked if the president asked him.
“In general, the Fed independence is very widely understood and supported in Washington, and is really important, here,” said Powell, “said Powell in Chicago’s economic club.
Trump was also one who appointed Powell in 2017, but he also criticized everything he had to enter Reduce interest rates, Increases interest ratesand keep them fixed.
Again, there is a dispute that the Fed independence is really preserved. Some experts claim the independence of money that are more points than the law.
“I think the laws also think about people and who they are, and what they want to do. tell FortuneGreg McKenna. “I hope not.”
This story was first displayed Fortune.com
Source link
