President Trump Has No Plans to Demote Fed’s Powell, but Knows He Can

President Trump said he has no plans to demote Federal Reserve Chair Jerome Powell but reminded that he has the right to.

President Trump spoke at a press conference after a meeting of his coronavirus task force at the White House, revisiting his regular complaints about the Fed.

We hope the Federal Reserve will finally get on board and do what they should do,” President Trump said, just days before the FOMC holds their next policy meeting. “They should be much more proactive.

Tuesday President Trump called the Fed “pathetic” and “slow moving.”

Have a terrific weekend, do not panic!

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