Fed independence under renewed fire from Trump

Donald Trump
Gage Skidmore

The Federal Reserve’s independence was under threat again over the Christmas period as President Donald Trump hinted he wants to fire the Fed chair Jerome Powell, according to reports.

Trump discussed removing Powell from the board following the Fed’s December 19 interest rate increase and the recent equity market volatility, Bloomberg reported. The news outlet cited sources close to the matter.

In the two days after the Fed’s rate decision, the Dow Jones fell from 23,323 to 22,445. Two days

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: