President Donald Trump reportedly discussed replacing his handpicked chairman of the Federal Reserve late last year.
on December 24."They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"
Removing the Fed chairman wouldn't necessarily have any effect on short-term rates. The target range for the benchmark interest rate is decided by the Federal Open Market Committee, made up of 12 officials, not by Powell alone.
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