US President Donald Trump has talked privately about firing Powell many times in the past few days, said two of the people. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move. Yet the president has talked privately about firing Powell many times in the past few days, said two of the people. Less than two weeks ago, before the Fed’s latest rate decision, Trump said Powell was “being too aggressive, far too aggressive, actually far too aggressive.” He told Reuters the central bank “would be foolish” to proceed with a rate hike. The Fed announced a widely anticipated rate hike on Wednesday and Powell signaled he’ll be more cautious about tightening next year.

Source: Mint December 22, 2018 06:45 UTC