Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Report: Trump Eyes Yet Another Major White House Shakeup

Video Credit: Rumble - Duration: 02:02s - Published < > Embed
Report: Trump Eyes Yet Another Major White House Shakeup

Report: Trump Eyes Yet Another Major White House Shakeup

President Donald Trump’s frustration with Federal Reserve policies has now reached the point where he is privately talking firing Federal Reserve Chairman Jerome Powell, according to a new report.

In a report without named sources, Bloomberg said Trump has talked of firing Powell because of an interest hike the Fed approved this week along with continued stock market losses.

The report said that removing Powell is not a done deal and that many advisers are urging Trump to keep Powell in place.

This week, the Federal Open Market Committee voted to raise the baseline interest rate range from 2.25 percent to 2.5 percent, something Trump opposed.

“We think this move was appropriate for what is a very healthy economy,” Powell said when the rate hike was announced, The New York Times reported.

Powell has indicated the Fed wants to control inflation without cutting off the economic expansion that has taken place since Trump took office.

Chairs of the Federal Reserve are nominated by the president, but removing them has little precedent.

Powell’s predecessor, Janet Yelle, resigned in 2017.

If Trump moves to oust Powell, it will be in the context of a vast White House shakeup that includes the departure of Defense Secretary James Mattis, Chief of Staff John Kelly and Interior Secretary Ryan Zinke.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

President Trump declares national emergency to pave way for US-Mexico border security upgrades [Video]President Trump declares national emergency to pave way for US-Mexico border security upgrades

President Donald Trump talked from the White House today about what he believes is a massive emergency at the U.S.-Mexico border, and what his administration will do to combat it.

Credit: ABC Action News     Duration: 53:44Published

Report: President Trump Installs $50,000 Golf Simulator in the White House [Video]Report: President Trump Installs $50,000 Golf Simulator in the White House

President Trump has installed a room-sized golfing simulator inside his personal quarters at the White House

Credit: Time     Duration: 01:07Published

Trump's Major Golf Purchase [Video]Trump's Major Golf Purchase

President Trump is serious about his golf, often leaving the White House for extended golfing trips. However, The Washington Post recently reported that Trump has now purchased a $50,000 full size golf..

Credit: Wochit     Duration: 00:51Published

Is The White House ‘Hiding’ Something About Donald Trump’s Physical Exam? [Video]Is The White House ‘Hiding’ Something About Donald Trump’s Physical Exam?

Days after his annual 4-hour physical exam, the lack of information has raised suspicion.

Credit: Newsweek     Duration: 00:43Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest