🚨 TRUMP MIGHT FIRE FED CHAIR POWELL?! 🚨
👀 He’s Said It Again… With Real Consequences
Trump criticized Powell as a “total and complete moron” and “numbskull,” accusing him of hurting the economy with high rates youtube.com+15aa.com.tr+15cbsnews.com+15.
He hinted he “maybe” would reconsider firing Powell after his term ends in May 2026, though he currently says he doesn’t plan to remove him immediately en.wikipedia.org+14aa.com.tr+14cbsnews.com+14.
Despite political pressure, a recent Supreme Court ruling reaffirms Federal Reserve independence, meaning firing Powell could be legally blocked unless “for cause” reuters.com.
Trump is expected to announce his Fed chair successor early, which has rattled markets worried about potential “shadow Fed chair” confusion 24newshd.tv+13reuters.com+13en.wikipedia.org+13.
🧭 Why It Matters
Market volatility: Any threat to Fed independence can spark bond and equity sell‑offs.
Policy uncertainty: A push for quicker rate cuts could reshape interest rate expectations.
Power dynamics: Choosing a new chair early is a major move toward presidential influence over monetary policy.
