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Dan Henninger: If Jerome Powell Were to Cut Rates About a Half Point, Trump Would Still Call for Powell To Be Fired

‘Trump wants to be able to control that policy’
By Grabien Staff

RUSH EXCERPT:

HENNINGER: "Well the case for cutting rates right now is that day been high for a long time. But I think, if I, must say if, in this meeting next month, if you’re, old, Paul and the third to cut, writes about a half a point, you know what Donald Trump would still call for power to be fired. We have to take him in his word. He wanted cut three point. Eight thousand and one caught a half point, and basically Donald Trump wants to be able to control that policy. Here, six loathing people’s couldn’t quite get over was when he said, maybe Treasury secretary percent could be both Treasury secretary and fed chairman. Well, I think Trump is serious about that. No longer wants an independent third and that would raise real questions about inflation because I suppose job to control inflation. Some presidents don’t agree with that sort of thing, but you know what Jerry. Least would put accountability, work blogs that the president wants to be responsible for the inflation rate and prices in this country. Then maybe you should be calling good policy Jason pounds term is up next may I think we can safely assume he will not be reappointed by Donald Trump"

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