Trump reportedly wants to fire the Fed chair, a move that could wreak havoc on the financial markets

President Donald Trump wants to fire Federal Reserve Chairman Jerome Powell for raising interest rates, according to a report, an unprecedented action by a president against the independent body, that could undermine confidence in the U.S. financial system already under the strain of a vicious equity sell-off. Trump has discussed firing Powell privately because of […]

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Kevin O’Leary chides the Fed for claiming data-dependence while still forecasting two 2019 rate hikes

Investor and entrepreneur Kevin O’Leary told CNBC Thursday he’s not fond of the Federal Reserve‘s plans for interest rates next year. Fed Chairman Jerome Powell “made a mistake” during his highly-anticipated news conference Wednesday afternoon, said O’Leary, chairman of O’Shares ETF and “Mr. Wonderful” on “Shark Tank.” O’Leary said on “Squawk Box” that he does […]

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