Article Image
News Link • Trump Administration

Trump Is Considering Firing Fed Chair Powell

• https://www.zerohedge.com by Tyler Durdan

And while to many such an act would seem unthinkable, even from someone as unorthodox and unpredictable as Trump, it now appears that's precisely the outcome the market will have to worry about next as Bloomberg reports that the president has discussed firing Federal Reserve Chairman Jerome Powell "as his frustration with the central bank chief intensified following this week's interest-rate increase and months of stock-market losses", citing four people familiar with the matter.

While advisors in Trump's inner circle have rightfully warned him that firing Powell would be a "disastrous move" for stock prices, and instead are "hoping that the president's latest bout of anger will dissipate over the holidays", the sources reveal that the president - who is facing the imminent departure of two of his closest advisors, chief of staff Kelly and secretary of defense Mattis - has talked privately about firing Powell many times in the past few days.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


CrytoHippie