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5:45 PM
Trump economic adviser slams Fed chairman

Trump economic adviser slams Fed chairman

Stephen Moore, the unofficial financial adviser of the President of trump accused the Chairman of the Federal reserve system Jerome Powell in medavakkam drop in the stock market in an interview aired on Sunday.

In an interview with John Katsimatidis in the new York AM 970 Moore repeated a number of criticisms that trump in public shared about the head of the Bank, who announced earlier this week, in fact, that the fed will raise interest rates, not paying attention to the protests of the President. 

"We are obliged to invest more than a dollar of liquidity in the economy, due to the fact that at the moment there is a similar demand for dollars in the world," said Moore. "Everyone wants to invest in the USA and at the same time the universe wants more than $. The fed is sucking them out of the economy. And it really hurt the stock market."

Moore, who recently wrote a book titled "Trumponomics" with Art Laffer, said that they had recently visited the Snow-white house, where the President asked them whether he was obliged to keep the former Chairman of the Federal reserve system Janet Yellen instead of the purpose of Powell.

"We took a look at a buddy of a friend and said,' Janet Yellen didn't have a chance to be any worse than the young man he's there now, '" Moore said.

He continued to clap Powell, echoing criticism of the President of the Federal Reserve Chairman on the pretext of his monetary politicians and suggesting Trump cut him for the cause.

"The law talks, in fact that I believe, in fact that he has the opportunity to change the Chairman of the Federal reserve system for the case," said Moore. "I would say, in fact, that the root cause is actually that it breaks our economy."

Legal specialists wondered whether the President Had the opportunity to remove the Chairman of the Federal reserve system, taking into account the role of the Council as independent of the White house.

Bloomberg said on Friday evening, in fact that trump discussed the substitution of Powell, because he was more upset because of the conclusion of the fed Chairman to increase interest rates

A spokesman for the White house Sarah Huckabee Sanders, as described, said on Saturday, in fact that she "did not know" about some intentions to remove Powell.

Powell endorsed to lead the fed at the beginning of this year, and since then has become a punching bag for critics of the President. Trump has accused the head of the Bank in some financial failures, covering the costs of the stock market and the intentions of the dismissal of General Motors.

Trump in October, including said, in fact, that he" has the opportunity to be " regretted the fact that Powell actually headed the Bank.

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