Democrat Senator Elizabeth Warren of Massachusetts says that the US markets will witness another meltdown if Fed Chair Jerome Powell loses his job because of President Trump.
In a new interview on CNBC Squawk Box, Warren says that it would be disastrous for US markets if Trump somehow manages to force Powell out.
“If Chairman Powell can be fired by the president of the United States, it would crash the markets in the United States. The infrastructure that keeps this stock market strong and therefore a big part of our economy strong, and therefore a big part of the world economy strong, is the idea that the big pieces move independent of the politics, that somebody is making their best decisions economically and independently.
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