William Dudley Says Powell Should ‘Protect’ Fed If Trump Ousts Him

William Dudley Says Powell Should ‘Protect’ Fed If Trump Ousts HimPresident Donald Trump has been talking with advisers about making an unprecedented attempt to remove Powell, Bloomberg News reported Friday. Treasury Secretary Steven Mnuchin said on Twitter on Saturday that Trump is not weighing such a move, and it’s unclear whether the president has the legal authority to make it. It might be possible to take away Powell’s “chairman” title, but he can only be fired from his role as a Fed governor for “cause” -- usually neglect or misconduct.




from Yahoo News - Latest News & Headlines https://yhoo.it/2EHp8Yg
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