Sen. Elizabeth WarrenD-Mass, warned on Thursday that North -American markets will « crash » if the President of the Federal Reserve Jerome Powell The President may be fired Donald Trump.
Warren’s comment, a frequent Powell critic at CNBC « Squawk on the street“It arrived hours after Trump took May the « End of the Fed chair cannot get enough quickly! »
A senior official at the White House later told CNBC that Trump’s broadband should not be considered a threat to say goodbye Powell and that there is no plans to end his term.
Powell has previously said that the President does not having the power to shoot it.
« I have regularly entangled (Powell) on regulations and interest rates, » Warren acknowledged in his statements on the New York Stock Exchange.
« But you understand -if President Powell may be fired by the President of the United States, the markets in the United States will be needed, » he said.
Warren, a member of the Senate Banking Committee’s ranking, explained that the « infrastructure » that defends the values market – and therefore the global economy – is « the idea that large pieces move independently of politics. »
If key economic levers are « subject to a president who only wants to shake his magic wand », the United States will be indistinguishable « from any other two -bit dictatorship worldwide, » he said.
Trump has repeatedly decided Powell by name as he urged the Central Bank of the United States to reduce interest rates in the hope of promoting rapid economic growth.
Fed increased rates during the President Joe BidenThe presidency to reduce the rampant inflation induced by the pandemic of the Coronavirus, but began to mark -in 2024.
But the Fed under Powell has said that it is not in a hurry to continue these cuts, pointing to the uncertainty created by the Trump -changing fare policies. Powell reiterated this position on Wednesday in a speech at the Chicago Economic Club, saying that the President’s import taxes « are likely to move farther from our goals. »
In a Social publication of truth On Thursday morning, Trump struck Powell as « always too late and wrong » as he defended his wide fare plans.
Powell should have lowered the rates « some time ago, but he would certainly go down now, » Trump wrote. « Powell’s termination cannot be quick enough! »
– Megan Cassella and Fred Imbert de CNBC contributed to this report.
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