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Trump's Firing of Powell Could Pave the Way for a "Major" Fed Reshuffle
BlockBeats News, August 26th, according to Bloomberg, Trump has decided to dismiss Fed Governor Powell, accusing him of forging mortgage loan documents. This move marks a further escalation in his battle to control the Fed and could pave the way for a broader restructuring of the Fed's Board of Governors. This action could give Trump the opportunity to appoint newcomers to the Fed's Board of Governors and secure a majority of four within the institution.
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