Trump's Threats To Jail Jerome Powell Could Spark 'Hyperinflation' Fears, Warns This Economist: 'This Is The Stuff Of Tin-Pot Dictators'
Benzinga
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•By Vishaal Sanjay
Economist Justin Wolfers criticized the Trump administration's threat of criminal indictment against Federal Reserve Chair Jerome Powell, comparing such authoritarian tactics to those of 'tin-pot dictators' in countries like Argentina, Russia, and Venezuela. Wolfers warned this could precede hyperinflation. Former Fed Chairs Janet Yellen, Ben Bernanke, and Alan Greenspan, along with international central bank leaders, expressed concerns about threats to Fed independence. Markets remained relatively flat despite the turbulence, with gold and silver surging to record highs.