In the transmission of Thursday or “Squawk on the Street” of CNBC, Senator Elizabeth Warren (D-MA) said she is “glutthe” to publicly exploit the president of the Federal Reserve, Jerome Powell, and says that he would be responsible for job losses. But “if President Powell can be burned by the president of the United States, he will crash the markets in the United States.” Because I was going to undermine the Fed being independent of politics.
Warren said: “I have tangled up with him on a regular base on regulations and interest rates. But, understand this, if President Powell can be fired by the president of the United States, he will crash the markets in United’s actions and, therefore, the economy sp. Sp. Strong and, therefore, a large part of the strong world economy, the idea that the big parts move independently of the policy His, his best decisions and his best decisions and independently and independently. “
In addition, he declared that it is dangerous if elected officials can press financial regulators.
Coanfrerion Carl Quintanilla then asked: “He would accept that Jawbooning between the Executive and the Fed is nothing new, right?”
Warren replied: “The jaws is different … well, in part, the jaw is produced in public, but no one threatens anyone’s work. At the end of the day, the presidents always, only in the jaw, have saved Jerome Powell -“.
Quintanilla cut: “You said he would be responsible for 2 million employment cuts.”
Warren replied: “I think that. I am slippery with that. Do it in the audiences. It is called supervision, but everything goes out in public, anyone can see it, and I do not believe that their work. And the president of the United States should not threaten his work.”
Continue Ian Hanchett on Twitter @Ianhanchett