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Jennifer Jacobs @JenniferJJacobs
, 5 tweets, 2 min read Read on Twitter
BREAKING: Trump has discussed firing Federal Reserve chief Jerome Powell as his frustration has intensified after this week’s interest-rate increase and months of stock-market losses.

Advisers close to Trump aren’t convinced he will try to do it, but say he wants to.
Trump has talked privately about wanting to fire the Fed chair many times in past few days.

Any such attempt would have potentially devastating ripple effects on markets, undermining investors’ confidence in Fed’s ability to shepherd the economy without political interference.
It’s unclear how much legal authority the president has to fire Jay Powell.

And at least one of Trump’s economic advisers, Kudlow, has said a president can’t fire Federal Reserve chair without cause.

That hasn’t stopped Trump from expressing his desire to get rid of Powell.
Scoop: Trump has talked about firing Jerome Powell, a move that would represent an unprecedented challenge to Federal Reserve’s independence.

Advisers hope latest bout of anger will dissipate over holidays.

Story by me, @SalehaMohsin, @margarettalev.

bloomberg.com/news/articles/…
News Trump’s talking of firing chair of independent Fed comes as partial US govt shutdown begins and admin preps to lose trusted defense secretary and WH chief of staff.

Trump’s been far less concerned about blowback over shutdown or Mattis than the economic turmoil, I’m told.
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