Firing Powell News Today

Have been much higher than 3%. and the stock market as high as its been would have been at least i think probably anywhere from 7 to 10,000 points higher. but they wanted to raise interest rates. you explain that to mement. >> the presidents raushs come as dow jones racks up its fifth con ssecutive weekly decline. the longest streak since 2011. at one point, reports surfaced that trump discussed firing powell, the head of the fed. i want to bring in catherine, she is a "washington post" opinion ...

Interest rates and even reports saying trump was considering firing powell as u.s. markets plummeted. keeping an eye on the dow, look at that. up over 800 points and that is partly because of powells comments. cnns business editor at large and the host of "quest means business." why was this so important that powell say this? its having an impact. >> it is having an impact. the day was off to a good start. the jobs numbers were an excellent boost to a market looking for a form of good news after...

Adding to the uncertainty. the big drop on christmas eve had to do with donald trump talking about firing powell, that was in tweets, secretary mnuchin went to the backs to talk to them, theres a lot of uncertainty going on. the fact that congress cannot keep the government open, despite disagreeing about $1 billion in a budget. it has them worried about they wont be able to agree on trade, settle on a new nafta, and settle on disagreements with china. thats what theyre after. >> how long can th...

The feds historic intervention and exceptionally low interest rate policy that confronted the 2008 financial crisis. "the new york times" reports the president has told aides he believes powell could turn him intois herbert hoover. the u.s. president at the beginning of the great depression. bloomberg reports the president has discussed firing powell as the fed chair forecasts more rate increases next year. in a statement, democratic congressional leaders say "its christmas eve and president tru...

Remember, he picked him. this week secretary mnuchin said he could not fire him. and talking about firing powell is bad for the markets. the president has often blamed him for the market plunge. >> what was the treasury secretary thinking? he should know better. >> i dont know. it sounds like it was a check-in call with the banks saying it was a terrible week on wall street, and the banks are like, everything is fine, it was just a bad week on wall street. at the forefront, when you see the comp...

This argument all of the time, bill. so maybe thats whats in the presidents mind. i have a slightly different view of his effect on markets. a previous president who wasnt on twitter ten times a day saying ten crazy things. one statement about the fed or about interest rates would have earth-shattering effects. i think the fact that trump musing about firing powell, musing about not wanting interest rates to go one way or the other, it shows that he is just not -- that his words dont matter as m...

Washington. >> that would be federal reserve chairman jerome powell and his interest rate policies. the president tweeted "the only problem our economy has is the fed. they dont have a feel for the market and they dont understand necessary trade wars or strong dollars or even democrat shutdowns over borders. the fed is like a powerful golfer who cant score because he has no touch. powell has continued to unwind at the feds historic intervention and exceptionally low interest rate policies that c...

Low interest rates policy that confronted the 2008 financials crisis. the president believes powell could turn him into herbert hoover the u.s. president at the beginning of the great depression. the president discussed firing powell. in a statement the democratic leaders say its christmas eve and president trump is plunging the country into chaos. the stock market is tanking and the president is waging a personal war on the federal reserve. and there could prompt a break through with negotiatio...

This government shutdown we have been tracking capping off a wild week for wall street. the dow jones dropped over 1600 points. registering its worst week since 2008. this comes amidst reports president trump is discussing firing jerome powell. the man who he hand picked to serve in this position just 13 months ago. my panel is back with me and joining us is cnbcs ron insana. thanks for being here. can we pick up on that strident point that president trump reportedly discussing firing powell. pe...

So. theres concern that the weakening economy could be the deciding factor in the 2020 re-election race. much more karen thconcern about the government shutdown or secretary mattis surprise resignation. hes been talking openly about firing powell, and this conversation has been going on, it was broken by my colleagues, jennifer jacobs and saley saleya moson. were feeling like the markets will be rattled by this when it comes to next week. >> powell has also indicated that we might see more rate ...