Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump.
"The law is clear that I have a four-year term, and I fully intend to serve it," Powell told the CBS news magazine show. Asked directly if he thought Trump could fire him, he said,"no." During that period, the U.S. saw its best economic gains of a recovery that began in mid-2009. GDP rose nearly 3 percent for the year, though most economists see that cooling off in the years ahead.
Powell said that the Fed, while likely on hold for a while, will be making its policy decisions based on the data and not on political considerations.
If he hired you he can fire you
the fed is a private company, a singularity among all private companies; imposible to remove and overrule desision made by the board of directors which is an anomaly in the American law !
Law is clear Trump can fire you at anytime
Do you want to bet?
Didn’t we hear Comey say that!
“Trump can’t fire me” So why did you cave?
too funny. since when did the Trump regime follow the law or norms. his administration is a revolving door and i'm afraid if he doesn't like you then your out. just like his guest on the apprentice, no difference. RaiseRatesNow
Who said he wanted to?
too funny. since when did the Trump regime follow the law or norms. his administration is a revolving door and i'm afraid if he doesn't like you then your out. just like his guest on the apprentice, no difference. raiseratesnow
Wonder why your sweating it then?
Why do you always stir up BS. POTUS never said he wanted to fire fed chairman... your headlines always imply a non story!
Silver_Watchdog CNBC are such instigators with these click-bait-y headlines 😂
Just do as told by Trump like you are now and you won’t be fired. Just be a Trump Puppet like you have become and you’re safe
Firing Fed chairman- Section 10.2: “... unless sooner removed for cause by the President,” although “cause” is not defined. federalreserve
Incoming tweet storm! Duck and cover!
Very unusual to have a non-Jewish chair....truly uncharted waters.
He needs to reread that law. It says the President can remove any member of the board for cause. Also, as they are Senate confirmed positions, they are subject to impeachment / removal by Congress
Don’t just talk do whats right for the everyday americans.
Bottom line is you’re obviously concerned
Translation; growth is going to drop, but we don’t have enough room on rates to cut
femisapien_z 'You're fired!' Ooops! Not this time...
Fed has way too much power way too much! Very scary
Then get your together
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Powell: Fed not in 'any hurry' to change rates amid global risks - tvFederal Reserve Chairman Jerome Powell said on Sunday the U.S. central bank does... I need you for me alon of finally don’t tach you yamin Due to being previously 'warned' by Trump.. Hike the rate. Trump needs to pay more.
Source: Reuters - 🏆 2. / 97 Read more »
Fed Chairman Powell Sees No Need to Change Rate PolicyFederal Reserve Chairman Jerome Powell said in a ‘60 Minutes’ interview that the U.S. economic outlook is favorable and that the economy doesn’t require higher or lower interest rates now. Because the fraudulent banks that run our federal reserves are still rich from the last crash they caused(and the crash before that and the crash before that) all the way back to the illegally passed FEDERAL RESERVE ACT by a few paid off dems,, screwing this country every since! he is wearing a dog collar and Wall Street has firm hold of leash. weakling He went from far away from neutral - talking about 6 or so rate hikes which caused the market volatility and retail sales to slow - to now we’re in a good place. This idiot has no credibility and we should be thankful he didn’t screw up anymore in the interview.
Source: WSJ - 🏆 98. / 63 Read more »
House Judiciary Chair Jerry Nadler says it's 'clear' Trump obstructed justice, plans 'abuse of power' probeRep. Jerry Nadler, D-N.Y., said he believes Trump is guilty of abusing his power but cautioned that 'impeachment is a long way down the road.' How can you obstruct justice when justice was never the intent? Nadler has to go
Source: USATODAY - 🏆 100. / 63 Read more »
Judiciary Committee chair: 'Very clear' Trump obstructed justiceThe chairman of the House Judiciary Committee believes it's 'very clear' that Trump obstructed justice. That's very easy to believe. MaddowBlog Nobody believes that shyt MaddowBlog realDonaldTrump continues to obstruct, at rallies. MaddowBlog The Constitution allows for the impeachment and removal of a president for “treason, bribery, or other high crimes / misdemeanors.” No controlling authority serves as a check on how lawmakers choose to interpret that standard. A political decision. 67 votes in the Senate. Period.
Source: MSNBC - 🏆 469. / 51 Read more »
Trump friend and inaugural chair Tom Barrack plans to cooperate with House Judiciary requestsPresident Trump's longtime friend Tom Barrack will cooperate with the House Judiciary Committee's request despite the commander in chiefs dissaproval.
Source: CNBC - 🏆 12. / 72 Read more »
Powell downplays recession fears in ‘60 Minutes’ interviewFederal Reserve Chairman Jerome Powell, in a rare appearance on “60 Minutes” said the economy has only slowed a bit and said there was no reason the expansion could not last into record territory. It’s called abolishing the federal reserve act; anyone can be replaced bud Hmmm, Powell thinks he doesn't serve at the leisure of the President. Dangerous mythology afoot. Constitution EndtheFed mises FreedomWorks libertarianism LPNational 60 minutes ? fakebullshit
Source: MarketWatch - 🏆 3. / 97 Read more »
Donald Trump’s media attacks are “right out of a dictator’s playbook,” Laurene Powell Jobs says“I think the undermining of the media is, in the last two years, unprecedented and really scary, and everybody should pay attention,” said the widow of the late Apple founder Steve Jobs. Any Latin American could have told you that... Says who, a totalitarian Marxist or Alinsky-ite? Hell, we all think you are Fakenews.
Source: Newsweek - 🏆 468. / 52 Read more »
Fed's Powell says no immediate policy responses needed to economyThe Federal Reserve does not see problems in the U.S. economy that warrant an im... Wow.
Source: Reuters - 🏆 2. / 97 Read more »
The ‘Czech Donald Trump’ Meets With Real Donald Trump in White HouseBillionaire Czech Prime Minister Andrej Babiš said that he wants to make the Czech Republic “great again” during a meeting between the two politicians. 1968. Nice He is so effective and revolutionary, every country that wants to make rapid progress elects their version of him, his name is Trump!
Source: Forbes - 🏆 394. / 53 Read more »
Michael Cohen sues Trump Organization for legal fees incurred after turning on TrumpIn the lawsuit, Michael Cohen says he was part of an agreement with the Trump Organization that outlined the business would cover his legal expenses. Wait, I thought Lanny was pro bono Get him.
Source: USATODAY - 🏆 100. / 63 Read more »