President Trump said he would fire Federal Reserve Chair Jerome Powell if Powell does not leave the post "in time," although it is unclear whether he has the authority to do so. The comments inject fresh uncertainty around Fed independence and could add volatility to rates and risk assets. Bloomberg's Michael McKee noted the legal question remains unresolved.
President Trump said he would fire Federal Reserve Chair Jerome Powell if Powell does not leave the post "in time," although it is unclear whether he has the authority to do so. The comments inject fresh uncertainty around Fed independence and could add volatility to rates and risk assets. Bloomberg's Michael McKee noted the legal question remains unresolved.
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