WH adviser Kudlow: White House is not considering demoting Fed chair Powell

Eren Sengezer FXStreet

Responding to the Bloomberg report claiming that White House has explored the legal options to demote FOMC Chairman Powell, White House economic adviser Larry Kudlow told Fox News that they were not taking any action to change Powell's status but refrained from saying whether or not they considered it in the past.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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