President Trump Believes Has Authority To Depose Feb Chair Jerome Powell, Report - TNBC USA

The United States President Donald Trump believes that he had the authority to remove  Federal Reserve Chair Jerome Powell and depose him to be a Board Governor, but he is not planning to do so, reports source, referred to people familiar with the issue.

The US President is pressuring the Federal Reserve to reduce the rates, claims in October the Central Bank “gone crazy” under Powell.

On Wednesday, the Federal Reserve said that it is ready to fight with increasing domestic and global economic risks with interest rates falls starting from next month. The Central Bank has left its benchmark interest rate that is unaltered for now.

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