Trump Expected To Fire Fed Chief Powell After HUGE Mistake Becomes Public

[rangerrebew]

Trump Expected To Fire Fed Chief Powell After HUGE Mistake Becomes Public
Steven Ahle December 24, 2018

President Trump is considering dumping Fed chief Jerome Powell after his disastrous comments about a continual raising of the interest rates.

The stock market has lost about 16% of its value in the aftermath as the Dow Jones average has dropped 4,500 points and cut people’s 401k s by a vast amount. Before Powell spoke out, the market was moving upward at a steady pace and people’s 401k s were getting fatter by the day.

Powell should have already been fired, along with any other Fed board member who is trying to destroy the US economy. There is no excuse for keeping him in charge.

https://steadfastandloyal.com/politics/trump-expected-to-fire-fed-chief-powell-after-huge-mistake-becomes-public/?utm_source=newsletter&utm_medium=email&utm_content=subscriber_id:1431720&utm_campaign=The%20Worst%20Cases%20of%20Journalistic%20Malpractice%20of%202018

[Right_in_Virginia]

Trump knows he can't fire Fed chair Jerome Powell, Mulvaney says
NBC,  Dec 23, 2018

White House budget chief and incoming acting chief of staff Mick Mulvaney said Sunday that President Donald Trump knows he can't fire Federal Reserve Chairman Jerome Powell, who the president has excoriated in recent months for raising interest rates.

Speaking with ABC's "This Week," Mulvaney said Trump recognizes he "does not have the ability" to fire Powell. Presidents do not have the power to fire Federal Reserve chairs, though they do appoint individuals to run the independent agency for four-year terms. The only mechanism for removing a Federal Reserve chairman prior to the end of their term is if Congress impeaches them for cause.


https://www.nbcnews.com/politics/donald-trump/trump-knows-he-can-t-fire-fed-chair-jerome-powell-n951426