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Some members of US Congress want Fed Chair Powell sacked

This from three members of the US Congress, who seem confused about the remit of a central bank:

Via a Politico report:
  • Reps. Alexandria Ocasio-Cortez, Rashida Tlaib and Ayanna Pressley  … called for Federal Reserve Chair Jerome Powell to be replaced
  • “As news of the possible reappointment of Federal Reserve Chair Jerome Powell circulates, we urge President Biden to re-imagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice”
Sounds great! I wonder should the Chair print more or less to hit these three added objectives though?
If Yellen was still Chair she’d know how to deal with these clowns.
This from three members of the US Congress, who seem confused about the remit of a central bank:

US President Trump expected to delay auto tariff decision for 6 more months

US political reporting website Politico with the info

  • Trump is expected to announce this week
  • putting off a decision on whether to impose tariffs on European Union autos for another six months
Poltico cite “a person familiar with the decision”
Link for more
And … bear this in mind:
  • The person with familiar the decision cautioned there is always uncertainty surrounding Trump’s final determination when it comes to trades and tariffs. But barring some unforeseen development, the president is expected to announce another six-month delay, the person said.

China wants 15% tariffs imposed on Sept 1 removed in trade deal

Politico report

China is in a ‘full court press’ to get the 15% tariff imposed by Trump on $112B of goods removed before it signs the Phase One trade deal, according to Politico.
U.S. officials are currently struggling over how to make sure China lives up to its side of the deal. The main enforcement mechanism being considered is that all the tariffs could be re-imposed, one of the people said.
They cited a White House official who said the deal is almost there but there are still hangups on forced technology transfers and IP protections.
China hasn’t decided yet on signing the deal in the US or a neutral location.