Powell Warns Fed Credibility at Risk if President Can Fire Officials
Former Federal Reserve Chair Jerome Powell stated that the central bank would not survive if officials could be removed over policy disagreements. He warned that such presidential power would destroy the Fed's credibility.
JUST IN: 🇺🇸 Former Fed Chair Jerome Powell says the Federal Reserve will not survive if officials are removed over policy disagreements.
JUST IN: 🇺🇸 Former Fed Chair Jerome Powell says the Federal Reserve will not survive if officials are removed over policy disagreements.
JUST IN: Jerome Powell warns that the Fed's credibility is at risk
Powell warns Fed credibility at risk if president can fire officials
🇺🇸 JUST IN: Former Fed Chair Jerome Powell warns that presidential power to dismiss Fed officials over policy disagreements would destroy the central bank's credibility. https://t.co/XAeLG4g7oP
*POWELL: FED’S CREDIBILITY LOST IF PRESIDENT CAN FIRE OFFICIALS what happens to Fed credibility when cutting 2 months before a presidential election