The American markets will be disrupted if President Trump is attending Jerome Powell, warning Senator Elizabeth Warren
Democratic Senator Elizabeth Warren of Massachusetts says that the American markets will witness another collapse if the Federal Reserve Chairman Jerome Powell lost his job because of President Trump.
In new interview At CNBC Squawk Box, Warren says he will be a catastrophic for American markets if Trump somehow can force Powell to go out.
“If President Powell can be expelled by the President of the United States, the markets will be disrupted in the United States. The infrastructure that keeps this stock market is strong and thus a large part of our economy is strong, and therefore a large part of the global economy is strong, it is the idea that the large pieces are moving independent of politics, and that someone makes their best economic decisions independently.
We understand that if the New York Stock Exchange is Securities, if the interest rates in the United States are subject to a president who only wants to hint his magic stick, then this does not distinguish us from any other bitten dictatorship all over the world where everyone knows what is the really big investment risk wI will wake up this dictator in the morning and have belly pain and decide to cause this problem, or prefer that friend?
For this reason we need to enhance infrastructure. “
Recently, Reuters I mentioned Trump is studying “to see if he can shoot Powell, who served as the Federal Reserve Chairman since 2018 and Trump appointed him during his first term. Although he was appointed by Trump, Powell’s relationship with Trump has recently been strained due to conflicts in interest rate expectations.
Trump wants the Federal Reserve Bank to reduce interest rates immediately, but Powell decided that the right path to work is to be patient and maintain its fixed prices.
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