Re: Trump has discussed firing Fed chief after latest interest rate hike: report | TheHill
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In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank got into trouble when several customers suffered large losses due to derivatives. He then went back to work for Dillon, Read & Co.[15]
he didnt understand the markets 25 years ago. obama appointed him to the board. what else do you guys need to know
LMAO
Perfect mnuchin hit
getting rid of powell much more important than syria /mattis. I guess pompeo, only one left.. unless ambassador heather has a brilliant idea. - a first.. jared and ivanka, need to go. !!!
Can u get rid of Powell or really get rid of mnuchin
One unusual thing about Powell's appointment is that he is a lawyer, not an economist. From Yellen going back to Alan Greenspan, who started as chair in 1987, all Fed chairs have held a Ph.D. in economics. Alan Blinder, an economist at Princeton, has said that a doctorate has become more or less a prerequisite of the job—without one, he told Harvard Business Review, "the Fed's staff will run technical rings around you." While that remains to be seen, it is true that there are over 300 Ph.D. economists on the Fed's staff, and Powell could end up needing to lean on their expertise more than a Fed chair with a doctorate in economics might.