President Trump Says He Would Remove Federal Reserve Chair Jerome Powell
President Trump said he would fire Federal Reserve Chair Jerome Powell if Powell does not leave, and added that he expects interest rates to be lower when Kevin Warsh takes over.
Summary
No Summary provided as the original text is short
Terms & Concepts
Federal Reserve: The central bank of the United States, responsible for monetary policy and setting benchmark interest rates.
Interest rates: The cost of borrowing money, which central banks adjust to influence inflation, spending, and economic activity.