Monday, 24 December 2018

White House attacks on Fed chair fuel fears of market turmoil in 2019

US Treasury secretary denies Donald Trump had suggested ousting Jerome Powell

Global investors are braced for more turbulence in 2019 after the White House intensified its criticism of the US’s most senior central banker.

Over the weekend, a flurry of reports claimed Donald Trump had discussed the possibility of firing the Federal Reserve chairman, Jerome Powell. Such an unprecedented move would trigger further instability in the markets, which have already had their worst year since the 2008 crisis.

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from US news | The Guardian http://bit.ly/2BCG3bv

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