Trump's team looks at whether Powell can be fired, intending to let former Fed director Kevin Wash take over

Original title: Powell, big news suddenly broke out!

The conflict between Trump and Powell has further intensified.

On April 18 local time, Kevin Hassett, director of the White House National Economic Commission, confirmed that US President Trump and his team are studying whether they can fire Federal Reserve Chairman Powell.

According to media reports, Trump intends to let former Federal Reserve Director Kevin Wash take over as Federal Reserve Chairman. As early as 2017, Trump considered nominating Wash before appointing Powell. But his background is quite controversial. As the son-in-law of Estee Lauder's heir, Wash had almost no background in orthodox economics, and he repeatedly misjudged the market and the economy during the financial crisis.

As the world's most influential central bank, the Federal Reserve's credibility depends largely on the independence of its actions and is protected from political interference. Wall Street warned that market turmoil could further aggravate if Trump attempted to remove Powell. Goldman Sac...
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