President Trump is considering naming the next chair of the Federal Reserve despite Jerome Powell still having 11 months left in the post.
The move could dramatically undermine Powell who, along with the Open Market Committee, is responsible for setting benchmark interest rates that affect everything from mortgage rates to car loans.
Trump has repeatedly expressed his disdain for Powell and his cautious approach to lowering interest rates. The President even threatened to fire him outright, before walking back the idea.
Read More
Yorumlar
Kalan Karakter: