Trump, Powell and Fed
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Mark Joseph Stern: Under federal law, Trump cannot remove Powell over a policy disagreement. Federal law expressly allows for the removal of the Fed’s board members only for “cause”—something like abuse of office or malfeasance. That means Trump can’t just sack Powell because Trump wants to slash rates and Powell wants to keep them steady.
An excerpt from "Trillion Dollar Triage" details Fed Chair Jerome Powell’s measured public responses – and more candid private reactions – to Trump’s ongoing threats to fire him.
US President Donald Trump hit out at Federal Reserve chairman Jerome Powell in a new rant on Wednesday (16 July).
El presidente Donald Trump probablemente despedirá pronto al titular de la Reserva Federal, Jerome Powell, según señaló un funcionario de la Casa Blanca, quien discutió la posible medida en una reunión con republicanos del Congreso el martes por la noche.
4don MSN
Trump criticizes Federal Reserve Chairman Powell for expensive headquarters renovations while expressing frustration over interest rate decisions and previewing upcoming trade deals.