Powell should resign to maintain Fed's independence
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Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what
We do not know if President Donald Trump will fire Jerome Powell from his job as chair of the Federal Reserve. We do know the financial markets do not much like the idea. Trump's attacks on Powell for not reducing interest rates have "rattled financial markets,
Renewed political pressure on the Federal Reserve is rattling the bond market, driving up yields and reigniting concerns about central bank independence.
6don MSN
Story around Trump firing Powell threat was 'lack of market reaction', says Jefferies' Zervos
David Zervos, Jefferies, joins 'Closing Bell Overtime' to talk the reaction to President Trump's reported threat to fire Federal Reserve Chair Powell.
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
Renewed political pressure on the Federal Reserve is rattling the bond market, driving up yields and reigniting concerns about central bank independence.
The euro dropped to a three-week low as President Trump threatened a 30% tariff on imports from Europe and Mexico starting August 1. This move, posted on his social media, was criticized by the EU and Mexico for being unfair.
There's a chance Donald Trump won't get lower interest rates even after he finds a replacement for Fed Chair Powell, market pros told BI.
The Trump administration and many market observers are offering diametrically opposed explanations for why dramatic tariff threats have been met by a ho-hum market reaction. Both can't be right.
Analysts said the muted market response was because many investors expected the levies to settle at lower levels after negotiations.