๐จ๐ฐ Trump's Take on Jerome Powell: No Plans to Kick Him Out
Former President Trump recently clarified that he never wanted to remove Jerome Powell as Chair of the Federal Reserve ๐ค. This statement follows a history of sharp criticism ๐, where Trump openly disapproved of Powell's monetary policy decisions.
Powell's Stand for Independence ๐ โโ๏ธ
Powell has consistently asserted his independence as Fed Chair, making it clear that:
He wouldn't resign even if asked by the President ๐ซ.
The President doesn't have the authority to fire him or senior Fed officials ๐.
Political Pressure vs. Fed Credibility ๐
Trump's critical stance on the Federal Reserve and speculation around his influence over central bank decisions ๐ค has sparked debates. Despite this, Powell's strong commitment to maintaining the Fed's independence has helped preserve its credibility and the broader marketโs stability ๐ช.
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