Kevin Hassett, chairman of the Council of Economic Advisers of the US, said in an interview yesterday that Fed Chair Jerome Powell’s job is 100% safe. He told the WSJ that “The president has voiced policy differences with Jay Powell, but Jay Powell’s job is 100% safe. The president has no intention of firing Jay Powell”.
In addition to Trump’s dissatisfaction on Powell, there were also reports that he has turned his anger to Treasury Secretary Steven Mnuchin. Mnuchin is the one whose’s meeting Powell once a week regularly. And it’s said that Trump is considering to add one of his advisers to the regular meetings. But Hassett said “I am highly confident that the president is very happy with Secretary Mnuchin.”
