Trump believes he has authority to demote Fed's Powell: Bloomberg https://reut.rs/2MYL9b0 U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter. http://bit.ly/hzQbMP June 20, 2019 at 02:47AM

U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter.

from Reuters: Top News https://reut.rs/2MYL9b0