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

This argument all of the time, bill. so maybe that's what's in the president's mind. i have a slightly different view of his effect on markets. a previous president who wasn't 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 don't matter as much any more. and i think it is sort of baked into the cake for the markets. >> it's an interes...

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 don't have a feel for the market and they don't understand necessary trade wars or strong dollars or even democrat shutdowns over borders. the fed is like a powerful golfer who can't score because he has no touch. powell has continued to unwind at the fed's historic intervention and exceptionally low interest rate policies that confronted the 2008 financial crisis. bloomberg reports the president has discussed firing powell...

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 it's 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 negotiations with china. >> there will be a deal. but whether it has substance is something else. >> u.s. and...

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 cnbc's ron insana. thanks for being here. can we pick up on that strident point that president trump reportedly discussing firing powell. people are saying, wait a minute he doesn't have the authority to fire jerome powell. >> just the fac...

So. there's 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. he's 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. we're 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 hikes in the near future. what should we expect when it comes to investors here in the next few ...