Trump escalates threat to fire US Fed Chair Jerome Powell: Here's why

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Trump escalates threat to fire US Fed Chair Jerome Powell: Here's why - Business Standard

Quick Summary:

According to Bloomberg, Trump has asked advisers whether he can legally remove Powell from office.

Powell said the Fed had to assess how trade tensions were affecting its dual mandate—managing inflation and employment—and consider the time frames over which each challenge could resolve.

Too late should have lowered interest rates, like the ECB, long ago, but he should certainly lower them now,” Trump wrote.