Federal Reserve Chair Jerome Powell could be fired by President Donald Trump as part of a purge that could disrupt U.S. markets, Sen. Elizabeth Warren, D-Mass., told Bloomberg Television on Wednesday.
Warren said the expansive authority Trump has claimed to get rid of officials at independent agencies means “nobody is safe, not even the chairman of the Federal Reserve.”
Contending that Trump’s actions are illegal, Warren said that “if he can just mow through every civil servant, if he can just mow through the Consumer Financial Protection Bureau, it’s a form of lawlessness and all the power belongs to the king.”
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