Trump Discusses Firing Fed Chair Jerome Powell: Can He? Sure.

Trump is extremely displeased with Powell's rate hikes. Trump has asked advisors if he can fire Powell. Watch out.

President Trump is threatening to fire Fed Chair Jerome Powell. Let's recap how we got to this point.

"Fed a Bigger Problem than China"

On November 27, in a WSJ interview, Trump stated that the Fed is a Bigger Problem than China.

President Trump: Well, let’s see what happens with Jay Powell. So far, I can tell you – I said it the other day, and I’ll say it again: I think the Fed right now is a much bigger problem than China. I think it’s – I think it’s incorrect what they’re doing. I don’t like what they’re doing. I don’t like the $50 billion. I don’t like what they’re doing in terms of interest rates. And they’re not being accommodative at all. And I’m doing trade deals, and they’re great trade deals, but the Fed is not helping. Whereas, China, you know, they have automatic accommodation.

Far Too Aggressive

On December 11, Trump said Powell was “being too aggressive, far too aggressive, actually far too aggressive.” He told Reuters the central bank “would be foolish” to proceed with a rate hike.

Immediately ahead of the Fed's last rate hike, president Trump fired off a pair of Tweets.

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