Editor's PiCK
Trump "I want to replace Powell immediately... Interviews for the next Fed chair have already begun"
Summary
- It reported that President Donald Trump said he wants to immediately replace Fed Chair Jerome Powell, a point expected to act as an important variable for investors.
- It said that since President Trump mentioned he has already begun interviews for the next Fed chair, the possibility of replacing the Fed chair is becoming more concrete.
- Political and financial circles have raised concerns that if Chair Powell is dismissed early, market volatility could expand significantly.
U.S. President Donald Trump made strong remarks regarding the leadership of the Federal Reserve (Fed), saying, "I want to replace Fed Chair Jerome Powell right now."
On the 18th (local time), according to the economic breaking-news channel Walter Bloomberg, President Trump said, "I've already started interviews to select the next Fed chair," and "I actually already know who the next chair will be," suggesting that the replacement process has progressed considerably.
This is interpreted as President Trump seeking to exercise more direct influence over overall financial and monetary policy, amid recent divisions within the Fed over whether to cut rates in December.
Political and financial circles have voiced concerns that if President Trump were to dismiss Chair Powell early, market volatility could increase significantly.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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