subject
History, 22.04.2020 16:32 trentvw1174

President Trump tweeted on Friday that Jerome H. Powell chair of the Federal Reserve might
be a bigger enemy of the United States than China's president because the Fed has refused
Trump's demand to lower interest rates significantly. The president said that the high cost of
borrowing hurts the US. economy.. but today unemployment is near an all-time low and
inflation is below the Fed's 2 percent target. Trump's trade war - particularly his on again
off-again tariffs - has dented business confidence and could push the economy into a
recession. To forestall that, he wants the Fed to lower rates. The Senate confirmed Powell to a
four-year term as chair in addition to a 14-year term as govemor. The law says that governors
can only be fired for cause, and courts don't typically construe policy differences as cause
Institutionally, the Fed is insulated from the rest of the government. Its funds come not from
Congress but from its own operations; Fed govemors have extraordinary long terms and so
forth
(A) Describe the informal power of the president that Trump is exercising in the
scenario.
(B) Explain how the Fed's refusal to lower interest rates may affect the President's
popularity
(C) Explain why the Fed would refuse to lower interest rates at the time of this
scenario

ansver
Answers: 2

Another question on History

question
History, 22.06.2019 03:00
What characteristics did the kiowa share with the other plains people? a) they migrated from the same places b) they were nomadic hunters c) they used the horse extensively d) they spoke the common language! and you
Answers: 1
question
History, 22.06.2019 07:50
Which of the following describes a difference between an essay's body paragraph and its conclusion? o a. body paragraphs first introduce evidence, while a conclusion simply reminds readers of evidence. b. body paragraphs act as hooks for the reader, while the conclusion simply restates the essay's claim. c. body paragraphs can be any length, while the conclusion has a set number of sentences. d. body paragraphs restate the essay's claim, while the conclusion proposes claims for future essays.
Answers: 1
question
History, 22.06.2019 08:10
What is true about the gullah who lived in areas of colonial south carolina and georgia?
Answers: 1
question
History, 22.06.2019 08:30
The united states' entry into world war ii had which of these effects on domestic politics? pro-union legislation was repealed. support for banking reform intensified. concerns about the economy were largely abandoned. attempts to promote civil rights became far more successful.
Answers: 1
You know the right answer?
President Trump tweeted on Friday that Jerome H. Powell chair of the Federal Reserve might
be...
Questions
question
History, 27.06.2020 02:01
question
Mathematics, 27.06.2020 02:01
question
Mathematics, 27.06.2020 02:01
question
Mathematics, 27.06.2020 02:01
Questions on the website: 13722367