Sen. Elizabeth Warren, D-Mass., warned Thursday that U.S. markets will “crash” if Federal Reserve Chairman Jerome Powell can be fired by President Donald Trump.
The comment from Warren, a frequent Powell critic, on CNBC’s “Squawk on the Street” came hours after Trump griped that the Fed chair’s “termination cannot come fast enough!”
“I have tangled with [Powell] on a regular basis about both regulations and interest rates,” Warren acknowledged in her remarks at the New York Stock Exchange.
“But understand this: If Chairman Powell can be fired by the president of the United States, it will crash markets in the United States,” she said.
This is breaking news. Please refresh for updates.
