Trump could cause market 'turmoil' if he removes Powell as Fed chief, says ex-governor
Investors have in recent months become increasingly nervous as trade tensions between the U.S. andrise. Conflict between the two major powers have threatened to derail economic growth even further at a time when the global economy has shown signs of slowing down.
"To fire a Federal Reserve governor or chairman would be a very unprecedented move, it would result in turmoil in the financial markets, it would be something that you really don't want to do because you don't need an absolute increase in uncertainty which this would bring about," Robert Heller, a member of the Fed's Board of Governors from 1986 to 1989, told CNBC'sHeller's comment came as Bloomberg, citing people familiar with the matter, reported on Wednesday...
The president had publicly blamed the Fed's interest rates hikes for holding back U.S. economic growth.
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