Judul : Trump’s power to fire a crucial presidential appointee should frighten investors
link : Trump’s power to fire a crucial presidential appointee should frighten investors
Trump’s power to fire a crucial presidential appointee should frighten investors
Carlos Barria/Reuters; Composite by Bob Bryan/Business Insider
President Donald Trump and Fed Chair Janet Yellen
It’s impossible to know how President Donald Trump truly feels about Federal Reserve Chair Janet Yellen because, as he does so often, he has both bashed and praised her depending on his whim.
During his campaign, Trump said Yellen was doing a good job but would not renominate her because she is a Democrat, a clear violation of the basic principal of central bank independence from politics.
Later, when the campaign was heating up, Trump accused Yellen of keeping rates low to help President Barack Obama.
Since taking office, Trump has reverted to liking her, saying he might keep her in the job when her term expires early next year after all. “I do like a low-interest rate policy, I must be honest with you,” Trump said.
After Trump’s incendiary firing this week of FBI Director James Comey, who is leading the bureau’s investigation into Trump and his associates’ ties to Russia, a smart market analyst asked me a question over lunch that I did not have the answer to: Could he do the same thing to Yellen if say, she decided to keep raising interest rates and Trump wasn’t happy with the policy?
So I contacted a few smart folks with deep knowledge of the Federal Reserve, and they pointed me to the specific language showing that yes, the president does have the power to fire Yellen, despite the central bank’s ostensible independence.
Read the relevant statute below:
Federal Reserve
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pFE9Pa
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Demikianlah Artikel Trump’s power to fire a crucial presidential appointee should frighten investors
Anda sekarang membaca artikel Trump’s power to fire a crucial presidential appointee should frighten investors dengan alamat link https://malaysiaonthehome.blogspot.com/2017/05/trumps-power-to-fire-crucial.html
0 Response to "Trump’s power to fire a crucial presidential appointee should frighten investors"
Catat Ulasan