If Trump Fed Chair Powell can burn markets will crash: Warren

Senate Elizabeth WarrenD-mass., Warned on Thursday US markets If the Federal Reserve would be “Accident” Jerome powder can be fired by the President Donald Trump.

Comment on a dust ceremony, which is often occurring in CNBC, WarrenSquawk on the street“Arrived after a few hours Trump caught The Fed’s “termination cannot come fast enough!”

Then a large white house officially told CNBC that the Trump’s coverage was not seen as a threat to the fire and the end of the expiration of the fire.

Powell previously said the president did He has no power to fire him.

“I have been around regularly (Powell) regarding both rules and interest rates, Warren was recognized in his statements on the New York Exchange.

“But I understand this: the chairman Powell will be fired by the US president, the markets will crash in the United States,” he said.

Rating member of the Senate Banking Committee Warren, the “Infrastructure” Infrastructure “Infrastructure” and therefore the global economy is the idea of ​​”the idea of ​​large parts independent of politics”.

The main economic goals are subject to a president who wants to wave the magic wand, “there will be no other two-bit dictatorship in the world,” he said.

Trump reiterated Powell while trying to lower the US Central Bank to reduce interest rates in the hopes of rapid economic growth.

The Fed increased the rates of Hike during the President Joe BidenPresidency to lower inflation caused by Coronavirus pandemic, but began to retreat in 2024.

However, Fed, Fed under Powell, Trump pointed out the uncertainty created by the shape of form change tariff policy, he said he was not in a hurry to continue these cuts. Powell reiterated his speech in Chicago’s economic club on Wednesday, said the president’s import taxes are “likely to go away from our goal.”

One Truth Social Writing Thursday morning, Trump, White Tariff Plans, “Always too late and wrong” when defending the extensive tariff plans, “It’s always very late and wrong.”

Powell should have to reduce the proportions, but he must now lower them now, “said Trump.” Powell’s termination can’t come fast enough! “

– CNBC’s Megan Cassella and Fred Imbert contributed to this report.