Trump 'likely' will fire Fed Chair Powell 'soon,' White House official says
gatohaus @ gatohaus @eviltoast.org Posts 0Comments 15Joined 5 mo. ago
gatohaus @ gatohaus @eviltoast.org
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Yeah, I don’t get the “trumpf will fire Powell” thing. He has no authority over the Fed, right?
Yes, I get he can apply pressure indirectly, but that’s not the same as having the power to fire anyone at the Fed. So this sounds like the media trying to grant trump the appearance of more authority than he has, which is a bad thing.
I’m hopeful Powell will stick out his term and continue to do make the best decisions he can.