The Chairman of the US Federal Reserve is ready to confront Trump … for this reason!

The Wall Street Journal said that the President American Federalist Jerome Powell is prepared to fight any efforts that may be launched by H, SD’GRIH President-elect Donald Trump to remove the head of the central bank from his career

To do this, Powell will likely have to use his own money because the central bank may not have the capacity to meet such a challenge, the report said.

See also: Will Powell change his tone in his speech after Trump’s victory?

These defensive positions by the Fed Chairman were caused by public statements made by Trump in which he criticized Powell and his colleagues during Trump’s first term.

There has been no indication yet that Trump is considering firing Powell, although he has indicated he believes the president should be consulted on rate decisions Fed.

At a press conference last week, Powell was asked about the possibility of impeachment, and he replied, “No, that’s not allowed by law.”

Read also: What is the future of the US Federal Reserve Chair position under the Trump presidency?

In a televised interview during his election campaign, Republican Party candidate Donald Trump confirmed that he would try to reduce interest rates as well as corporate taxes to 15%.

Trump noted, “I’m not going to try to remove the Fed Chairman Jerome Powell From the presidency of the US Central Bank before the end of his term, if he wins the US presidency next November.

Trump appointed Powell, a former GOP private equity executive who served on the central bank’s board, as Fed chairman in 2018, and current President Joe Biden renominated him to a second four-year term .