[ad_1]
© Reuters. More pressure on the Fed: Trump insists on sacking Powell
By Laura Sánchez
Investing.com – After the US press last December, Donald Trump, president of the country, had asked his White House lawyers to study the possibility of firing Fed Chairman Jerome Powell, the ghost of which would be an unprecedented measure.
As published Bloomberg, last February was re-examined, coinciding with Trump's repeated complaints about the Fed and the US.
Yesterday, according to this agency, several reporters asked Trump about his intention to "put aside" Powell, to which the US president responded: "Let's see what he does," referring to at the Fed meeting. and the decision on interest rates that the agency will release this afternoon.
The truth is that it is legally very questionable to be able to dismiss Powell without a justified reason, although it is possible to request his replacement by an acting Fed Governor, as confirmed Bloomberg a source close to these investigations, who prefers to remain anonymous.
On Tuesday, Trump's chief economic advisor, Larry Kudlow, said Powell's removal of the president's post was not under consideration.
Fed spokeswoman Michelle Smith said in an email, "Under the law, a Fed Chairman can only be put aside for one cause," the agency reported.
Anyway, President Trump adds, in what is beginning to be considered one of his most complicated meetings. They do not lose sight of all the news that appears, and they will be attentive both (20:00 Spanish time) and later (20:30 Spanish time).
Fusion Media or anyone involved in Fusion Media will not accept any liability for loss or damage resulting from the information, including data, quotes, graphics and buy / sell signals contained in this website. If you are fully informed about the risks and costs badociated with trading the financial markets, it is one of the most risky forms of investing possible.
[ad_2]
Source link
