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Forbes Breaking News
  • yesterday
Sen. John Kennedy (R-LA) warns against President Trump firing Fed Chair Jerome Powell.
Transcript
00:00Powell, the Federal Reserve Chair, you know, Trump has said last night...
00:03What's your question?
00:05Do you think that he should fire him?
00:07If you fire the chairman of the Federal Reserve, you will see the stock market crash, and you will see the bond market crash.
00:22If Powell unilaterally cut interest rates 3 points, 300 basis points, 3 percent right now, you would see the bond market go into a fit.
00:48You would see interest rates rise dramatically, and it would have a huge impact on us borrowing money to fund the government.
00:58Okay?

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