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Federal Reserve General President Jerome Powell, in 2019, he said the ship to save his own skin and compromised the independence of the Central Bank.
As President Donald Trump continues to put pressure on Powel, the two people will have previously important stops and suggest tips on how their current situation could come out.
In 2019, Trump, within the Fed’s Trade War, raised the questions related to the Fed Rahili, demanded the rushing and lowering of exchange rates.
A Home Financial Services Committee In July of that year, Powell was asked by the head of Maxine: “If you call today or tomorrow, ‘I’m firing you. What would you do?”
“Of course, I wouldn’t do it,” said Powell replied.
“I can’t hear you,” the waters, the ward was asked to laughter.
“The answer is ‘no'” Powell repeated.
“You think you don’t have the authority of the president. Why will you not leave?” The waters asked.
“The law clearly gives me a four-year term and I intend to serve it in full,” Powell said.
According to the book of 2022 Trillion dollar triage by Wall Street Journal correspondent Nick TymiraosMore people were more attractive to not take early steps.
“Never, in no time, I will never leave this work voluntarily. Unless it’s over. Powell said,” said Powell, “This will not happen to me that a situation is not going to die for me.”
Trump was the highest priority for Powell, which was the first to continue expanding the US economy, as well as to continue expanding the US economy as well as to maintain and maintain its independence.
A few weeks after hearing the house, the fed proportions lowered a quarter point, but the Trump has made it easier and insulted Powell.
Given the history, Powell’s task was re-issued after Trump was re-elected. In November, Powell was asked to take steps if asked by Trump. Added later, the president responded to the leadership position or another fed governor for a fire or demoja.
For months, Trump has applied the tariffs between US trading parties, increased the fear of silence and weak economic growth in combined with high inflation. Inflation is not spitted yet and the growth remains entire, fed, pulling the pus of the Trump, and the descent rates are discounted.
Said it was Trump on Wednesday “It’s not very possible” During the White House meeting on Saturday, he confirmed that he would burn Powell while confirming that he was discussing the “concept” of work with Republicans.
Again, Trump and other white house officials continued to attack Powell Repair work at the Fed headquartersto accuse him of managing it.
Democratic Senator Elizabeth Warren, a critic for a long time offered to be repaired “An excuse to catch him.” Meanwhile, JPMorgan CEO Jamie Dimon and other chiefs in the highest banks this last week, this last week, the independence of the Central Bank said that it is very important to economics and financial markets.
In May 2026, the Governor expires as Chairman of the Board, but in January 2028. He shows that it will still be The exchange rate is the right to serve the chairman of the Federal Open Market CommitteeIf the governor chooses to stick around.
Historically, the Chairman of the Board was also the Department of FOMC, but the law allows the FOMC to appoint its internal organization. Thus, it is possible that a person can serve as a Fed board chair and serve as a different person as a FOMC chair.
Tuesday, The Treasury Secretary Scott Bessent said The actions continue to change Powell and suggested that after his chairmanship ended.
“Traditionally, the Fed seat is also stepping as governor,” he said He said to Bloomberg. “There was a lot of conversations of a shadow nourished seat.
