Donald Trump is unlikely to save the US Fed Chair


Trump on Firing Powell: ‘We don’t plan to do anything’

President Donald Trump said it was “highly difficult”, will set fire to the department of the US federal reserves, and a few hours after the deputies, Jerome Powell.

Following the exchanges and dollars, Trump reported that the Republicans were related to Republicans on Tuesday, but later retreated after the discussions.

Trump has repeatedly called Powel to reduce a number of interest rates in a number of high critical.

Attacks, Trump allies increased last week, accusing Powell to manage the repair of the Fed property.

Trump Powell’s criticism of Powell on Wednesday – in the first time he called the “Knucklehead” and claimed “Lousy work” by calling the president.

He admitted that the idea was revived by Powell’s firing after this year, after the appearance of the shelf, but he said, “he said.”

Pressed his opinion, he said, “If not separated for fraud, it is very difficult, it is impossible.”

As a Fed Seat, Powell’s second term ends in May next year. Until 2028, the Central Bank may remain the governor of the bank.

Federal Reserve was founded by Congress and has the power to determine an independent policy from the White House.

Getty Images Federal Reserve Chair Jerome Powell, in front of the Senate Bank Committee in Capitol Hill on February 11, 2025, in front of the Senate Bank Committee, DCGetty pictures

US Federal Reserve Chair Jerome Powell was appointed by Donald Trump in 2017

Powell said that the president can fire on fire, especially in a policy, but white house officials can be removed for the reason.

Treasury Secretary Scott Bessent said this was a “official process” to determine the price of a “official process” for Powell’s Powell this week.

Bessenti floated as Trump candidate. Others in the run, Kevin Hassett and Conservative economist, who are currently headed by Trump’s National Economic Council, covers Kevin Warsh.

Powell led the Fed in 2017, Barack Obama was appointed Janet Yellen.

Former President Joe Biden extended his term in 2021.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *