🏛️ Trump vs. Powell: To Fire or Not to Fire? The Fed Drama Continues
Donald Trump has clarified his current stance on Federal Reserve Chairman Jerome Powell. Spoiler alert: the suspense remains, and the chair under the world's top banker is still shaky. 📉
Key takeaways from Trump's recent statements:
✅ No immediate firing. Trump confirmed he has no plans to immediately seek Powell's removal, despite an ongoing DOJ investigation. "We're waiting on him right now, and we're going to determine what we're going to do. But I can't get into specifics. It's too early," he stated. Powell's term as chairman ends in May 2026.
⚖️ The fight for influence. Trump is convinced that the U.S. President should have a say in setting the Fed's course. His argument is bold: his success in business gives him a better understanding of the economy than Powell, who, according to Trump, "is always late."
🔎 Candidates for replacement. While Powell finishes his term, Trump is already eyeing successors. The list of favorites includes Kevin Warsh and Kevin Hassett. Scott Bessent reportedly declined the role himself.
🗣️ Loyalty above all. Trump sharply responded to Republican colleagues defending the Fed's independence: "They should be loyal."
What does this mean for the market?
Markets love certainty. The fact that Trump isn't pursuing an open conflict to immediately oust Powell might provide short-term calm for investors. However, his strong desire to directly influence interest rates is a major factor that could cause significant volatility in both the stock and crypto markets in the future. 🚀📈
What's your take? Should the U.S. President dictate terms to the Fed, or is the regulator's independence sacred? Let us know in the comments! 👇
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