Ousting of Fed Chair Jerome Powell could raise U.S. borrowing costs by nearly $60 billion a year

U.S. President Donald Trump might face an increase of nearly $60 billion (around £44 billion) in interest costs if he opts to oust Federal Reserve chair Jerome Powell, analysts caution. Ousting Powell would cause an uptick in US Treasury yields, driving up the government’s interest spending amid concerns over surging inflation and growing political uncertainty. According to […]

Source: cryptopolitan.com (Read Full Article)