If Federal Reserve Chair Jerome Powell is"browbeaten" enough, he could ultimately resign, macroeconomic forecaster Komal Sri-Kumar told CNBC on Monday.
"It is not as if the president can fire the Fed chairman. He cannot. But he can make it extremely uncomfortable to occupy that position," he said on"Power Lunch." Chicago Federal Reserve President Charles Evans told CNBC on Monday that he'd be comfortable leaving interest rates alone until autumn 2020 to help ensure sustained inflation in the U.S. However, he said he wouldn't categorize the December 2018 rate hike as a mistake.
However, Art Hogan, chief market strategist at National Securities, believes the Fed's change of heart had a lot to do with global economic conditions.
If the Fed hikes rates before the 2020 eating contest, the 'drumbeat' to try to get Powell to resign will be great, says sovereign wealth fund advisor
Irony as Trump accused Fed of keeping rate low in 2016 race.
Or maybe even abolish the FED PERIOD!
Powell created a spread that ravaged the EU. The rate hikes were 'nobody first' moves.
Too bad the Fed has sold itself to magpies like Jim Cramer.
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