Trump Mused About Replacing Powell With Warsh Last Year: Axios

Trump Mused About Replacing Powell With Warsh Last Year: Axios

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses a report from Axios about President Trump's dissatisfaction with Federal Reserve Chairman Jerome Powell and the potential consideration of Kevin Warsh as a replacement. It provides historical context, comparing the situation to past presidential interactions with the Fed. The discussion includes the arrival of Stephen Moore to the Fed board, the implications of potential leadership changes, and the impact of US-China trade talks on the market. The transcript concludes with an analysis of Powell's influence on the market and his political support, suggesting that his position is not under serious threat.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways might the U.S.-China trade talks affect the Federal Reserve's policies and decisions?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of demoting Chairman Powell within the Federal Reserve?

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