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: 2
Law, 08.07.2019 23:40, rostecorralmart
Which of the follow statements about drinking alcohol and driving is true
Answers: 1
Law, 14.07.2019 05:20, canonmille2
What should you do when making a personal appeal to a procrastinator to change his/her work habits? a. use examples of how you were able to overcome procrastination to convince him/her to change. b. relay information you have heard from co-workers. c. do not give any personal information. d. explain how you have been personally impacted by his/her procrastination.
Answers: 2
Mathematics, 05.12.2020 03:10
English, 05.12.2020 03:10
Mathematics, 05.12.2020 03:10
Mathematics, 05.12.2020 03:10