Page 2 - Fire Powell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It is important that the fed is viewed as a stabilizing force in the markets. that is what the fed has been for the last ten years. the president had no right to traik credit for the economy. the president lives by the markets and dies by the markets. it was a mistake to take credit for what happens in the stock market. >> you have seen it to see donald trump would have cause to fire powell. do you think that would help things right now. >> i think this was such an inexplicable move. trillions of dollars were somehow because they thought this would establish their independence. trump was right...

Frustrations on events out on people and personnel close to him but the fed chair, we've heard over the last several days, his administration officialls try to rein in on th notion he could fire powell. >> the president has long been blaming the federal reserve and his pick to run it, jerome powell. he's claimed in the past the fed has gone crazy by powell's decision to raise interest rates multiple times throughout his administration claiming powell did it too quickly, that that has undercut economic growth but the white house today has tried to reassure investors after the stocks slid on chr...

The authority to fire powell, and that he was reassuring the investors that there is adequate liquid the ti liqu liquidity in the market. and so that is giving a lack of confidence in handling these situations makes people fear political instability, and we have democratic congress and potential impeachment, and robert mueller is getting closer to the president in terms of his investigation, and so question mark s ts on the horizon and th fact that the president would try to manipulate the economy is not one that is going to the ease tensions. >> and you wrote that for much of the president's ...

Strong economic growth in the economy with robust activity from consumers and business alike. i'm curious to get your thoughts. the market is obviously in turmoil. did that phone call and the statement from the treasury secretary do more harm than good coupled with the statements the president has been making about jerome powell the fed chair? >> reporter: it's hard to draw direct cause and effect between actions anywhere in washington and what's happening in the markets. it's reasonable to draw. a terrible week for the markets. headed for the worst december since the great depression and you ...

Rates. the dow fell by 600 or 700 points and kept falling. maybe this chairman is not competent and up for the job. >> now, mr. mulvaney is among those now saying that don't worry about it. the president now knows he is trying to fire powell and it's not a good idea and it's not going to happen. many contributing factors and there is talk about this government shut down and things might be operational again. how much is riding on the actions of the white house at capitol hill to help stabilize things. >> i think the government shut down in the economic event is certainly going to affect the go...