“Mnuchin isn’t helping,” said Mayra Rodriguez Valladares, a former foreign-exchange analyst for the Federal Reserve Bank of New York. “For him to come out and explain what Trump is expressing is bizarre. It adds to the nervousness.”
Rodriguez Valladares, who also conducts training for bankers and regulators through her consulting firm MRV Associates Inc., said the suggestion of Trump firing Powell is unprecedented. “This is really making us look like a very underdeveloped market where the president is telling the central bank what to do,” she said.