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Sat Jan 5, 2019, 05:07 PM

Trump's growing anger with Fed chief poses market risks

Trump would likely find himself in murky legal waters if he attempts to dismiss Federal Reserve Chairman Jerome Powell, but experts say the bigger concern is that any move on that front would ignite a chain of calamities that could derail the global economy and financial markets.

Trump has frequently criticized Powell and the Fed for raising interest rates, and the president has reportedly polled advisers on whether to fire his hand-picked chairman.

While it’s uncertain whether Trump could remove Powell, making a drastic move against the central bank’s chief policymaker could unleash economic chaos at a time when the president prepares to seek reelection.

An attempt to fire Powell would be an unprecedented test of the Fed’s independence and the laws meant to protect the central bank from politics in Washington. The move could also trigger a staggering stock market meltdown, spark intense congressional backlash and damage the country’s role as the world’s largest economy.

https://thehill.com/policy/finance/423607-trumps-growing-anger-with-fed-chief-poses-market-risks


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Reply Trump's growing anger with Fed chief poses market risks (Original post)
Yo_Mama_Been_Loggin Jan 5 OP
Grasswire2 Jan 5 #1

Response to Yo_Mama_Been_Loggin (Original post)

Sat Jan 5, 2019, 05:41 PM

1. Another act that would be a feature, not a bug, in the plan to ruin America and bring society..

...to a standstill.

Think about it.

Everything is pointing to calamity in every area of our lives, in his hands.

And that has always been the plan.

Shutter government, break down the administrative structures. Eliminate the safety nets and protections.

And now the economy is threatened by his fit.

Weaken America and, by extension, the Western Alliance.

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