Trump, Jerome Powell and GOP
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White House, Powell and Fed
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MiBolsilloColombia on MSNGOP senators push back on Powell ouster, warn of market turmoilRepublican senators warned Trump not to fire Fed Chair Jerome Powell, citing risks to market stability and the Fed’s independence.
President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he appointed to the position in 2017. The move followed months of criticism by Trump of Powell,
Apart from the boost which an interest rate cut would provide for the speculators in financial markets, one of the factors in Trump’s incessant demands for a rate reduction is the rising interest bill on US government debt.