Trump Says He Could Demote Fed Chair Powell, Risking More Market Turmoil

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    Trump Says He Could Demote Fed Chair Powell, Risking More Market Turmoil

    Mr. Trump probably does not have the legal authority to fire Mr. Powell, whom he nominated in 2017 but who was confirmed by Congress. It is less clear whether the president could demote him, but if he tried, the Federal Open Market Committee which sets intere…
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