Trump believes he has authority to demote Fed's Powell - Bloomberg

U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported https://bloom.bg/2ItCJUQ on Wednesday, citing people familiar with the matter.

from Reuters: World News https://reut.rs/31M0i2q
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