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"Everyone is talking about how Trump wants to fire Fed chairman Jerome Powell, but can he even do it? More importantly, what effects would it have on the market? It turns out it’s pretty complicated.
Trump could technically fire Jerome already if he has sufficient cause to do so. A Supreme Court ruling could give Trump the power to fire Jerome, or Trump could appoint a ‘Shadow Fed chair’.
No matter what Trump does, however, it doesn’t change the fact that the Fed has been slowly losing its independence since the 2008 financial crisis. It’s this trend that could have the biggest market impact.
This is a video you can’t miss."
~ Coin Bureau
0:00 Intro
0:44 Trump And Jerome Powell History
4:34 Bond Vigilantes And US Bonds
8:53 Can Trump Fire Jerome Powell?
13:13 Fed Independence Cycle
16:41 Effects Of Trump Firing Jerome
Source - Coin Bureau YouTube:
https://www.youtube.com/watch?v=8SaH5FXUPy0
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
