Look, importantly, uh, markets rely on the independence of the Fed and the Fed's commitment to achieving its congressionally mandated goals of price stability and maximum employment in uh, assessing the soundness of the US economy and their security in terms of um, returns they can expect investing in the United States. And when a president threatens to remove a chair unless he radically lowers interest rates with the stated purpose um of helping the government finance its borrowing um not the congressional ...

I just read a piece uh from uh from the op-ed that you wrote uh with Ben Bernanki. Yes. And then I followed up by saying that we had talked to Scott Besson and we had asked a similar question of of actually Elizabeth Warren recently which is if in fact Jay Powell were to be fired, ousted or otherwise pushed out, what would the market's reaction actually be.Well, I think we got a taste of that um when President Trump announced that he had shown a letter to Republicans uh that would call for Chair Powell's ou ...

I just read a piece uh from uh from the op-ed that you wrote uh with Ben Bernanki. Yes. And then I followed up by saying that we had talked to Scott Bessant and we had asked a similar question of of actually Elizabeth Warren recently which is if in fact Jay Powell were to be fired, ousted or otherwise pushed out, what would the market's reaction actually be.Well, I think we got a taste of that um when President Trump announced that he had shown a letter to Republicans uh that would call for Chair Powell's o ...

date Bitcoin is up 26% and the dollar is down 9%. I want to ask your thoughts on the news that we've seen this week regarding Fed Chair Powell. Are you concerned about the independence of the fed and what do you think needs to happen from here. >> Yeah, I, I'm very worried about the independence of the fed.And I'm going to say something that I know many people are going to say. What. This sounds crazy, but I actually think given the pressures and they're not over, that Trump is going to launch in again that ...

Interference in the independence of the Federal Reserve would be felt outside of the US, according to Bundesbank President Joachim Nagel https://t.co/620zFWOv0R ...

Fed Independence & Market Impact - Dismissal of the Fed chair could potentially trigger a crash in the bond market, the dollar, and the equity markets [1] - The Fed's independence signals monetary policy stability to both the US and global financial markets [1] - The Fed chair's decisions are intended to be independent of political influence [2][3] - The Fed chair's term is designed to be independent of the president's term [2] Risks of Undermining Independence - Undermining the Fed's independence could negatively impact the markets [4] - The Fed's independence is considered a valuable asset to the United States and its markets [4]

>> Welcome back to Squawk Box. President Trump saying he has no plans to fire Fed Chair Jay Powell, though he has been toying quite publicly with that idea. Senator Elizabeth Warren has been defending the chairman's role at the FOMC.And Senator Warren joins us this morning. She is the lead Democrat on the Banking Committee. Good morning to you.We just had a guest on in Kevin Warsh. Some someone who folks have speculated about potentially taking that job. He openly talked about the idea of regime change.And ...

Now, the president is also pointing out that Jay Powell's term is head of the Fed. It ends next May anyway, right. And when he was asked today who could replace Powell, he was asked if one person in particular is being considered.[Music] Kevin's somebody would consider Kevin is fantastic, too. Uh we have a lot of good people for that job. It's not a tough job, to be honest.All right. In a not at all awkward segue, that man is with us right now, Kevin Hasset, the director of the National Economic Council. Di ...