🧨 Trump discusses firing Powell and replacing him with Warsh
President Donald Trump is no longer silent about Federal Reserve Chairman Jerome Powell. He publicly criticized Powell, saying that firing him "could not come soon enough" 😤. Unhappy with Powell's failure to cut interest rates quickly, Trump claims Powell is "playing politics" instead of focusing on the stability of the economy 💥.
According to sources, Trump has discussed with former Fed Governor Kevin Warsh the possibility of replacing Powell 🔄. However, Warsh advised Trump to let Powell complete his term without interference ⚖️. Nonetheless, this situation has not stopped Trump from thinking about changes within the Federal Reserve.
It is noteworthy that this story is unfolding against the backdrop of the U.S. Supreme Court considering whether the president has the authority to fire officials of independent agencies like the Fed. This decision could not only affect Powell but also set an important precedent that impacts the independence of central banks in the future 🤔. Could Trump change this dynamic? Let's wait and see! ⏳
#CryptoNews🚀🔥
