In an interview on Fox Business, the president renewed his threats against Reserve Chair Jerome Powell, saying that if Powell doesn't leave, he will fire him. There are no legitimate grounds for the president to remove the chair of the Federal Reserve for simply doing his job. Trump's threats against the Fed does nothing but rattle markets, undermine confidence, inject more chaos into the financial system, and then raise rates. Doesn't Trump understand something rudimentary? (07:56–08:02)
CLAIM
Asserts that Trump has no legitimate grounds to remove the Federal Reserve Chair.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
