PressTV-Trump mulls firing Fed chief over US interest rate hikes

US President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell after the central bank raised interest rates for the fourth time this year this week, US media have reported.

Trump’s frustration with the Fed chief intensified after Wednesday’s interest rate increase and months of stock-market losses, Bloomberg reported on Saturday, citing four unidentified people familiar with the matter.

The president has talked privately about firing Powell many times in the past few days, the news agency said, citing two of the people.

 The Fed has also signaled “some further gradual” rate increases in 2019.

Trump has frequently blasted Powell for raising borrowing costs this year.

He has called the central bank “crazy”, “out of control” and a greater economic threat than China, which the president blames for hollowing out US manufacturing through unfair trade practices.

The interest rate hikes have spooked investors,…

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