Former Trump economic advisor warns firing Fed Chair Jerome Powell now would trigger market chaos

While President Donald Trump doubles his opposition to the President of the Federal Reserve, Jerome Powell, one of the former economic advisor to the president recommends that the “master is too late” to end the rest of his term.

“I have changed my opinion on this because we have such a turbulent securities market at the present time, and I think the shooting on it, the markets will interact negatively with that,” said the economist at the Heritage Corporation.

“More chaos will be at a time when we do not need it.” So, just make an advertisement, “don’t worry, people. It will disappear within a year, and we will have a very good monetary policy. “And his ride abroad.”

While American stock futures showed signs of recovery, the markets witnessed turmoil after the main indexes fell on Monday, by more than 2 % and the US dollar fell to the lowest multi -year level. Hoping that “we are at the bottom now,” Moore – who was previously considered the ruler of the Federal Reserve under Trump in 2019 – advised the Central Bank to keep the “straight and narrow” path.

Trump raises the heat on the Federal Reserve while pressing to reduce prices: “It cannot come with a quick end enough!”

His comments also come in the aftermath of Trump, continuing his general criticism of the Federal Reserve Chair, describing him as a “great loser” and says that the central bank must do “preventive discounts” of interest rates. In addition, the president drafted him as “the master is too late” in reference to lost opportunities to reduce prices.

Economist Stephen Moore is studying the future of federal reserve fluctuations and markets with Fox News Digital. (Getty Images)

“I fully agreed that Jay Powell was the head of the very poor Federal Reserve, and allowed the inflation rate to reach 9 % when Biden was president. He was publicly politician, and I think he was incredibly responsible for the FBI head of exit and attacking the president in the way Jerome Powell did before or before.”

“So I think Trump can shoot Jerome Powell, but I have reached a conclusion that I do not think it is recommended because I think he, look, that Jerome Powell has only another year as president to feed.

“I have reached a conclusion that Jerome Powell’s launch will now be the most chaotic market for the same time [when] We do not need it. ”

While you are thinking about whether the Federal Reserve should reduce rates at this time, Moore emphasized the focus on inflation first and foremost.

He said, “We all know what happened in the Biden era when prices increased for household appliances by 25 %. That was just a killer of families. So, whether they should cut prices at the present time or not, I am not sure that I am fully agreed with the president because the last thing we want to see is a large new seizure of inflation as it was under the reign of Joe Biden. “

An inflation increased last month at a slower pace than expected, but it remained over the Federal Reserve goal by 2 %, as the central bank is preparing to monitor the impact of definitions on consumer prices in the coming weeks and months.

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Moore said, indicating that the biggest problems are that the problems now with our economy are only cash.

“What about canceling regulatory restrictions? Get all these stupid regulations off the back of our business so that it can be more efficient in terms of cost? “So there is a lot of Trump that he can independently do about what the Federal Reserve is doing to pump a new life into this economy.”

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Eric Rafeel in Fox Business contributed to this report.