Economics
Stanley Fischer Says Powell Will Be Out If Trump Is Re-Elected in 2020
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Former Federal Reserve Vice Chairman Stanley Fischer predicted President Donald Trump won’t renominate Jerome Powell for another term as the U.S. central bank’s chairman if re-elected, undercutting the Fed’s autonomy.
“That will lead to very different monetary policy, so the Fed is not fully independent of politics,” Fischer said on Sunday at a talk in Israel.