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Trump threatened Powell's job in order to force him to reduce interest rate and start printing money [1]. Our economy is being micromanaged by Trump who is not
by testacct316 7y ago
Trump threatened Powell's job in order to force him to reduce interest rate and start printing money [1]. Our economy is being micromanaged by Trump who is not an expert in monetory policy and only has disdain for experts of all kinds (virus/economy/climate). Trump says he is qualified to do that because his uncle went to MIT [2].
[1] https://www.nytimes.com/2020/03/14/business/economy/trump-powell-fed-chair.html https://www.nytimes.com/2020/03/14/business/economy/trump-po...
[2] https://www.washingtonpost.com/outlook/2020/03/12/truth-about-trumps-uncle-what-it-means-his-presidency/ https://www.washingtonpost.com/outlook/2020/03/12/truth-abou...