$TRX

Theo Odaily, Senator John Kennedy from Louisiana, a Republican member of the Senate Banking Committee, criticized U.S. President Donald Trump for his remarks about Federal Reserve Chairman Jerome Powell. On Sunday, Kennedy stated on NBC that no president has the authority to fire the Federal Reserve Chairman, emphasizing the importance of the Fed's independence. This comes after President Trump declared that he believes he has the right to remove Powell, telling reporters in the Oval Office.