President Trump tweeted on Friday that Jerome H. Powell chair of the Federal Reserve might
be...
President Trump tweeted on Friday that Jerome H. Powell chair of the Federal Reserve might
be a bigger enemy of the United States than China's president because the Fed has refused
Trump's demand to lower interest rates significantly. The president said that the high cost of
borrowing hurts the US. economy.. but today unemployment is near an all-time low and
inflation is below the Fed's 2 percent target. Trump's trade war - particularly his on again
off-again tariffs - has dented business confidence and could push the economy into a
recession. To forestall that, he wants the Fed to lower rates. The Senate confirmed Powell to a
four-year term as chair in addition to a 14-year term as govemor. The law says that governors
can only be fired for cause, and courts don't typically construe policy differences as cause
Institutionally, the Fed is insulated from the rest of the government. Its funds come not from
Congress but from its own operations; Fed govemors have extraordinary long terms and so
forth
(A) Describe what specific informal power of the president that Trump is exercising in the
scenario.
Answers: 1
Law, 14.07.2019 13:10
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Which of the following is not a potential distraction that could negatively impact your fitness to drive? a. passengers b. technology c. emotions d. traffic lights
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Law, 16.07.2019 15:10
If you can't get enough sleep, you should a. close your eyes when stopped in traffic b. not drive, period c. drink extra coffee before you drive d. leave earlier so you can drive slower
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History, 14.07.2019 16:00
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Mathematics, 14.07.2019 16:00