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Trump’s reported musings about firing Jerome Powell, his own appointee who has raised interest rates against the president’s wishes, have stoked Wall Street jitters. Amid reports he has asked advisers if he is allowed to fire the chair of the Federal Reserve, Donald Trump tweeted on Monday that the central bank is “the only problem our economy has” because, in part, it does not “understand necessary trade wars”. Inimitably, the president also likened the Fed to “a powerful golfer who can’t score.
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