Acting White House Chief of Staff Mick Mulvaney said on Sunday President Donald Trump 'now realizes' he can't fire the head of the Federal Reserve, after reports that the president asked his advisers whether he could do so.
'I think [Trump] put out a tweet last night specifically saying that he now realizes he does not have the ability to fire him,' Mulvaney said ABC's 'This Week.'
ABC's Jon Karl pointed out it wasn't Trump who tweeted that but Treasury Secretary Steven Mnuchin.
'Is that who tweeted? All right,' Mulvaney said. 'I talked to - I must have heard it - I did speak with the treasury secretary last night about a bunch of things, including the lapse in appropriations and the shutdown, and he did mention that to me.'
Acting White House Chief of Staff Mick Mulvaney said on Sunday President Donald Trump 'now realizes' he can't fire the head of the Federal Reserve, after reports that the president asked his advisers whether he could do so
President Trump has railed against Federal Reserve Chairman Jerome Powell (seen above in Washington, D.C. on Wednesday) for months
Trump has railed against Jerome Powell for months, raging against the fed's repeated raising of key interest rates.
The president is reportedly concerned the move will harm the economy ahead of his 2020 reelection bid and turn him into a 'Herbert Hoover,' who was president at the start of the Great Depression.
Munchin insisted Trump never even suggested firing Powell, in a series of tweets supposedly quoting the president on Saturday.
Mnuchin says he spoke with Trump who said that, while he 'totally' disagrees with Fed policy, he 'never suggested' firing Powell and doesn't believe he has the right to do so.
No Fed chairman has ever been removed by a president.
CNN and Bloomberg, citing unnamed people familiar with the matter, said that Trump was furious when the Fed raised the key borrowing rate on Wednesday and signaled it will continue to hike rates next year.
The Dow Jones Industrial Average closed the week with yet another steep decline, its worst week in 10 years.
Powell, chosen by Trump for the job, took over the key post for a four-year term at the helm of the U.S. central bank in February, replacing Janet Yellen.
Trump's aggressive trade policies combined with the strong US dollar have created fears of slowing U.S. and global growth, and caused stock markets to retreat.
Mnuchin (left) says he spoke with Trump (right) and Trump said that, while he 'totally' disagrees with Fed policy, he 'never suggested' firing Powell and doesn't believe he has the right to do so
On Tuesday, Trump warned the Fed not to make 'yet another mistake' by raising interest rates, the second consecutive day he has gone after the central bank on Twitter.
Trump has ignored the president's traditional respect for the Fed's independence.
He has called the Fed 'crazy', 'out of control', and a greater economic threat than China.
An attempt to end Powell's term early however would be a direct attack on the independence of the powerful institution, which plays a major role in the world's largest economy, and likely create havoc in the stock market.
In October, Trump said he had no intention of firing Powell, but in November he declared that he was 'not even a little bit happy' with Powell.
Link hienalouca.com
https://hienalouca.com/2018/12/24/trump-now-realizes-he-cant-fire-jerome-powell-new-white-house-chief-of-staff-says/
Main photo article Acting White House Chief of Staff Mick Mulvaney said on Sunday President Donald Trump ‘now realizes’ he can’t fire the head of the Federal Reserve, after reports that the president asked his advisers whether he could do so.
‘I think [Trump] put out a tweet last night...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2018/12/23/19/7766030-0-image-a-20_1545593744368.jpg
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