Breitbart Business Digest: Even if Trump Fires Powell, the Fed May Still Defy Him – altnews.org

Breitbart Business Digest: Even if Trump Fires Powell, the Fed May Still Defy Him

Removing Jerome Powell as Fed chair might not give Trump the interest rate cuts he wants.

Can the President of the United States fire the director of the Federal Reserve because he doesn't like the work he's doing? There was a time when the answer was overunderstood: no. The Federal Reserve (Fed) was created by Congress. The founding statute guarantees the independence of its work. Fed President Jerome Powell repeated this conventional response at the Chicago Economic Club last week: the president cannot be removed for political reas…

Breitbart Business Digest: Even if Trump Fires Powell, the Fed May Still Defy Him – altnews.org

Trump’s Fed Problem Is Bigger Than Powell President Donald Trump has never been shy about calling out Jerome Powell. Now