Trump may be about to try to fire Fed Chairman Jerome Powell. By all indications, it looks like Trump is done with the federal reserve chairman.
In a shocking tweet, Trump compared Powell to Chinese dictator Xi Jinping:
….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Trump is taking the fight to China right now and can’t have a Federal Reserve chairman who isn’t on board.
Trump has announced new tariffs and directed American companies to leave China.
This has led to counter-tariffs by China and it looks like a full-on trade war is ongoing.
Powell will be difficult to remove but it’s safe to say the working relationship is not good.
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