The White House Has Looked Into Demoting The Federal Reserve Chief

Credit: Wochit Business
Published on June 18, 2019 - Duration: 00:46s

The White House Has Looked Into Demoting The Federal Reserve Chief

According to Business Insider, The White House reportedly looked into demoting Federal Reserve Chairman Jay Powell in February, a few months after the central bank last hiked interest rates.

Bloomberg reported Tuesday that the White House Legal Counsel examined whether it was possible to strip Powell of his chairmanship but keep him on the Board of Governors.

President Donald Trump has repeatedly lambasted the Federal Reserve, arguing that its policies have held back growth.

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The White House Has Looked Into Demoting The Federal Reserve Chief

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