Home > What Could Happen To Global Financial Markets If Trump Fires Fed Chair Powell?

Business
What Could Happen To Global Financial Markets If Trump Fires Fed Chair Powell?

Description

President Donald Trump has repeatedly lashed out at Federal Reserve Chair Jerome Powell about rising interest rates. It's no secret Trump has mulled firing Powell. But while experts say he could technically do so, the process would be tricky. And according to Business Insider, such a move could do real damage to financial markets in the long run. I'm guessing the markets would react very badly to his firing.

Added on the 07/01/2019 16:21:24 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • As Trump Admin Pushes For Rate Cuts, Fed Remains Unmoved

    Barely a week after the U.S. Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration. Namely, that the Fed will need to cut rates before long. President Donald Trump’s top economic advisor Larry Kudlow said Friday on CBNC that while there is “no emergency,” the Fed should cut rates to protect the U.S. economy from slowing down. But according to Reuters, no fewer than five Fed officials have touted the underlying strength of the American economy. They argue the recent spate of weak data on business activity is more likely to prove fleeting than lasting. Even the Fed’s two most dovish policymakers - the presidents of the St. Louis and Minneapolis regional banks - say they aren't ready to agitate for the central bank to start reversing three years of rate increases.

    30/03/2019 - Wochit
  • Powell Says Fed Will Be Patient With Interest Rate Hikes

    According to Reuters, Federal Reserve Chairman Jerome Powell eased investor concerns over financial markets. The Fed chair said that the central bank would be more flexible with monetary policy in 2019, adding that the Fed is sensitive to the risks faced by investors. After months of declines in US equity markets, Fed chair Powell said they would be more flexible when deciding future interest rate hikes.

    04/01/2019 - Wochit
  • Trump Blasts Fed As 'Only Problem' In U.S. Economy

    According to Reuters, President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a rout in stock markets caused in part by the president’s attacks on the central bank. Stocks fell again at the open on Monday amid concern about slowing economic growth and the government shutdown.

    24/12/2018 - Wochit
  • Fed Squeezes Monetary Policy With Interest Rate Hike

    Mortgages and credit card payments are just about to become more pricey. According to Reuters, the U.S. Federal Reserve raised interest rates Wednesday by a quarter point. Predicting the US economy had three more years of growth ahead, it continued to tighten monetary policy. Fed policymakers lifted the benchmark overnight lending rate to a range of 2% to 2.25%. The U.S. central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

    27/09/2018 - Wochit
  • Fed's Bullard Warns Of Recession Risk

    JACKSON HOLE, Wyo. (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday raised new alarm bells over the U.S. central bank’s plan to keep raising interest rates, warning that even one more rate hike could set the stage for recession. FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. REUTERS/Lucas Jackson/File Photo Bullard, who spoke to Reuters on the sidelines of a conference here for global central bankers and economists, said the yield curve on U.S.

    25/08/2018 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
Business

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24