trump, i m talking about twitter or anywhere in the media today, certainly rallying against jay powell. in a could be o that could be one of the reasons you re seeing those green arrows today. the new york stock exchange is a buyer s market today, up almost 600 points. and while there has been a lot of talk about the fed chairman, steven mnuchin is very much in the president s crosshairs. sources say that mnuchin s job might be in jeopardy, that after the president gave him a thumbs up yesterday in the oval office. karoun, a lot to talk about. mnuchin and powell apparently both on the hot seat. this is having a real impact on the u.s. economy. how damaging is this for president trump, who has touted his schools at a businessman?
heart on whether he could fire the fed chairman. we ve seen presidents chang fed chairman when they come up. s that a bit of the question he was put as you saw, as soon as the president took his eyes off of poa, there seems to be talk about what about mnuchin and mnuchin s fate? is seems like the president is in the mode of keeping everybody a target and scared. even if he made a switch to the federal chairman or treasury secretary, there s no guarantee to say that the next person will fall into line and do what trump wants. it doesn t mean trump will stop acting in other ways. the stock market doesn t just react to the policies. we re in the middle of a government shutdown. what s going on overseas, we just yanked troops out of two
fairly unstable areas or announced we were going to do that. this all plays into it. global economic slowdown. you can t divorce one from the other but the president seems to have selective targets given the day, and his presidency. i wonder how congressional republicans would respond to this. i was on the hill last week when the news of james mattis leaving came down. i think it was one of the first time we saw republicans mrattle by a move of this president. removing the fed chairman would really put congressional republicans in a tough spot, couldn t it? it definitely would. a lot of the congressional republicans, there s a subset that are the true believers in president trump and his message and presidency. the others are like okay, our guy is in power in the white house and we re going to back
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