If Prez Trump has any leverage against Powell, he should use it to get Powell to resign. I wonder if Powell realizes how biased he is. He is out of step with American markets (not necessarily Wall Street) and out of step with global markets. Powell just simply sees his job as a one man wrecking ball against POTUS Trump.
If Powell stays put to the end of his term, next May, he can do a lot to stifle Trump's plan to grow out of the stagflation of the Autopen Administration - which, in itself, was intended to weaken the American economy.
Warsh brings up another Fed issue however. It is too powerful at the 'Chair' level; the governors have become almost tertiary. The structure needs to be reorganized... the 'power' structure.
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Warsh brings up another Fed issue however. It is too powerful at the ‘Chair’ level; the governors have become almost tertiary. The structure needs to be reorganized... the ‘power’ structure.
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Ironically, that’s exactly what Warsh said in his interview with maria.
This looks a lot like trump’s other young disruptors that he has appointed