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Trump Says Powell Termination Can't Come Fast Enough

Dow Jones04-17

President Donald Trump staked new ground on Thursday by saying the termination of Fed Chair Jerome Powell "can't come soon enough."

This will inevitably raise the question of whether he simply means replacing Powell when his term expires next year or an outright firing, which Powell repeatedly has stated would be illegal.

Powell on Wednesday refused to ride to the rescue of a stalling economy as he said tariffs could feed into inflation and not just represent a one-time increase.

Trump, in a Truth Social post, pointed out the European Central Bank was expected to cut rates.

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Comment4

  • setia100
    ·04-17
    He wants FED rate to come down to ZERO ❗😂
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  • Goodbye, Mr Always Late. Don't be upset. The market experts too has been saying it for quite some time. 
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  • kibkibkib
    ·04-17
    Good, definitely need someone to tame Trump power 👍🏻👍🏻 
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  • neo26000
    ·04-17
    Yes, by the time anyone reverses Trump policies, it would also be TOO LATE [Facepalm]  [Surprised]  [Smug]  
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