Washington – U.S. Treasury Secretary Steven Mnuchin (mih-NOO’-shin) says President Donald Trump has denied ever suggesting firing Federal Reserve Chairman Jerome Powell.
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Trump has been attacking the Fed — and Powell personally — for the central bank’s interest rate increases. Trump blames the independent agency’s hikes for recent stock market turmoil and signs of economic weakness.
Bloomberg News cited four people familiar with the matter in reporting Friday that Trump discussed firing Powell after this week’s rate increase.
But Mnuchin pushed back Saturday in a pair of tweets.
Mnuchin says he spoke with Trump and Trump said that, while he “totally” disagrees with Fed policy, he “never suggested” firing Powell and doesn’t believe he has the right to do so.
No Fed chairman has ever been removed by a president.
More fake news by the MSM.
He should of kept yellin who is more cautious on raising rates
The President of the USA does not have the power to remove the Chairman of the Federal Reserve Bank, as the Fed operates independently. He can only appoint him, but cannot remove him.
Isn’t this the Munchkin that told (lied) us that he has an army of accountants working 24/7 to prepare a report that TRump’s tax cut would actually decrease the national debt?
No army.
No accountants.
No reports.
No decrease of the deficit or debt. (Ada’raba … )
No truth.