File 030968
Email Chain on Federal Reserve Chair Powell and Trump Administration Personnel (File 030968)
December 2018 email exchange between Steve Bannon and correspondent J discussing Trump's consideration of firing Federal Reserve Chairman Jerome Powell, with commentary on Trump administration officials including Mnuchin, Pompeo, Mattis, Jared Kushner, and Ivanka Trump.
Summary
In this email chain from December 22, 2018, Steve Bannon and correspondent J discuss an article about Trump considering firing Federal Reserve Chairman Jerome Powell following interest rate hikes. The exchange includes criticism of Powell's qualifications, referencing his 1990s role at Bankers Trust where derivatives losses occurred. The correspondence also contains dismissive comments about various Trump administration officials including Treasury Secretary Steven Mnuchin, Secretary of State Mike Pompeo, Defense Secretary James Mattis, and senior advisors Jared Kushner and Ivanka Trump.
From: J [jeevacation@gmail.com]Sent: 12/22/2018 3:35:08 PMTo: Steve BannonSubject: Re: Trump has discussed firing Fed chief after latest interest rate hike: report I TheHillgetting rid of powell much more important than Syria /mattis. . I guess pompeo , only one left. . unlessambassador heather has a brilliant idea. - a first. . jared and ivanka, need to go. !!!On Sat, Dec 22, 2018 at 10:31 AM Steve Bannon wrote:LMAOPerfect mnuchin hitOn Dec 22, 2018, at 9:22 AM, J <jeevacation@gmail.com> wrote:In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank gotinto trouble when several customers suffered large losses due to derivatives. He then went back to work forDillon, Read & Co.f15]he didnt understand the markets 25 years ago. obama appointed him to the board, what else do you guys need to knowOn Sat, Dec 22, 2018 at 8:21 AM Steve Bannon wrote:https://thehill.com/policy/finance/422577-trump-considering-firing-federal-reserve-chief-after-latest-interest-rate-hikeplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofHOUSE OVERSIGHT 030968JEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 030969