Trump, Powell
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.
The New York Times was first to report, Trump waved a draft letter firing Powell during a meeting with House Republicans, and soliciting their opinions on whether he should proceed. The next day, Trump confirmed that was true: “I talked about the concept of firing him,
Reports that President Trump was considering trying to remove Federal Reserve Chair Jerome Powell have had a clear, if modest, effect on the bond market—even after Trump told reporters that he [wasn’t “planning on doing anything.
After a turbulent first half of the year, here's what top strategists are forecasting for the next six months.
Financial markets were reacting in an understandable way to conflicting reports over the future of Federal Reserve Chair Jerome Powell, and whether President Donald Trump will or won't be firing him soon.
What Trump's feud with Fed Chair Powell means for markets, individuals. Russ Wiles. Arizona Republic. ... Concern over this issue contributed to a sharp stock market drop April 21.
President Trump escalated his feud with Federal Reserve Chair Jerome Powell over interest-rate policy. On Wednesday, Powell said the recent market selloff was understandable given the uncertainty ...
Credit Market Risk Eases as Powell Quells Future Rate-Hike Fears. Inflation is still too high, but has moderated, Fed Chair said; Committee is looking to more data for clarity on cutting rates
The Federal Open Market Committee has held the federal-funds rate at a range of 5.25% to 5.5% since July 2023, which has worked to put downward pressure on inflation, Powell said.