US EditionHimes: White House warning of ‘massive market reaction’ if Trump fires Powell
5 Articles
5 Articles
Trump's threats to fire Jerome Powell are unsettling the markets
We do not know if President Donald Trump will fire Jerome Powell from his job as chair of the Federal Reserve. We do know the financial markets do not much like the idea.Trump's attacks on Powell for not reducing interest rates have "rattled financial markets," said the Financial Times. Investors are concerned about both the "central bank's independence" and its "long-term ability to fight inflation." Markets briefly tumbled last week amid repor…
And because his bad relationship with the head of the Federal Reserve is likely to have consequences for the whole world.
Himes: White House warning of ‘massive market reaction’ if Trump fires Powell
Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what happens if there’s a tweet that says the Fed chair is gone?” CBS’s Margaret Brennan asked Himes on “Face the Nation.” “Well, interestingly, inside…
The dispute between Trump and Jerome Powell over the presidency of the Federal Reserve is intensifying. The betting market already points to the main candidates to replace him.
A battle is brewing in the White House over the future of U.S. monetary policy. Trump continues to attack the Fed chief and is not afraid to publicly humiliate him. But there's more at stake on Wall Street than just interest rates.
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