Trump says he plans to fire Fed chair Powell and replace him with Kevin Warsh

Donald Trump told reporters aboard Air Force One on Friday that a decision on who will lead the Federal Reserve is “coming out very soon,” according to Reuters.

The president said he’s no longer willing to keep Jerome Powell in the job and confirmed that Kevin Warsh, a former Fed governor, is now being strongly considered to take over. “He’s very highly thought of,” Trump said when asked directly about Kevin.

Trump made it clear he’s done waiting for Powell to move on interest rates. He said a good Fed chair would have already acted to cut borrowing costs. He’s calling for a full percentage point cut and believes Powell is making things worse by stalling.

“Very Simple!!! He is costing our Country a fortune,” Trump posted on Truth Social. He said borrowing costs “should be MUCH LOWER!!!”

The two met face-to-face last week for the first time in months. During that conversation, Trump said he told Powell straight up that he was making a “mistake” by not moving faster on cuts. Trump is now pushing harder than ever to bring in someone who’ll follow his direction—and Kevin is the frontrunner.

https://www.cryptopolitan.com/trump-says-he-plans-to-fire-fed-chair-powell/

Trump’s travel ban goes into effect on Monday.

A Trump administration travel ban that severely restricts the entry of nationals from Haiti, Cuba, and Venezuela into the United States starts Monday, and it’s yet unclear about how the policy will affect operations at Miami International Airport. There are still questions about who will be allowed into the U.S. under the ban — the State Department has said that travelers from the three affected nations will be able to keep their valid, current visas, but it’s up to the Department of Homeland Security to decide whether to let people in at ports of entry.

https://www.miamiherald.com/news/local/immigration/article308058125.html#storylink=cpy

>>23134873

>This is correct thinking. It is time to put China into a box.

The economic box seems to be working fine.