United Kingdom  

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

Fed's Powell plans to serve entire term, despite Trump

Video Credit: Reuters - Politics - Duration: 01:01s - Published < > Embed
Fed's Powell plans to serve entire term, despite Trump

Fed's Powell plans to serve entire term, despite Trump

Federal Reserve Chair Jerome Powell says 'the law is clear' and that he fully intends to serve his 4-year term amid reports that President Trump was looking into demoting him.

Rough Cut (no reporter narration).

0
shares
ShareTweetSavePostSend
 

Fed's Powell plans to serve entire term, despite Trump

ROUGH CUT (NO REPORTER NARRATION) Federal Reserve Chair Jerome Powell says 'the law is clear' and that he fully intends to serve his 4-year term amid reports that President Trump was looking into demoting Powell.

"At the Fed, we're deeply committed to carrying out our mission and our independence from direct political control, we see as an important institutional feature that has served both the economy and the country well," said Powell on Wednesday at a news conference following the central bank's decision to leave interest rates unchanged for now.

A Bloomberg report cited Trump believed that he has the authority to replace Powell and demote him to be a board governor, but is not planning to do so presently.

Trump is pressuring the Fed to reduce rates, saying in October that the central bank had "gone crazy" under Powell.




You Might Like


Recent related videos from verified sources

Facebook's Libra Faces Regulatory Headwinds [Video]Facebook's Libra Faces Regulatory Headwinds

Facebook is Real Money's Stock of the Day. The social media giant has come under pressure from politicians on both sides of the aisle regarding their Libra cryptocurrency. President Trump tweeted..

Credit: The Street     Duration: 00:57Published

What Bitcoin Taught Government Officials About Facebook's Libra [Video]What Bitcoin Taught Government Officials About Facebook's Libra

Facebook's Libra a hot topic during Federal Reserve Chair Jerome Powell's two-day congressional, President Donald Trump shared his view on Real Money Stock of the Day Facebook's digital currency Libra..

Credit: The Street     Duration: 00:39Published

US Stocks Climbing As Traders Bet On Rate-cut Hopes [Video]US Stocks Climbing As Traders Bet On Rate-cut Hopes

Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring..

Credit: Wochit News     Duration: 00:32Published

Jim Cramer on Market Highs, Trump's Tweets on Libra, and Amazon Prime Day [Video]Jim Cramer on Market Highs, Trump's Tweets on Libra, and Amazon Prime Day

It's finally Friday! Jim Cramer tackles the market highs and how investors should react to them, Trump's tweets about Facebook's Libra, and what investors should watch for during Amazon's Prime Day...

Credit: The Street     Duration: 07:20Published

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  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.