🚨❌️ All markets are waiting for the interest rate decision. And everyone remembers Trump’s words about firing Jerome Powell.
🔥 Investors are betting that the Federal Reserve will keep interest rates steady at 4.25-4.5% during its policy announcement next Wednesday, after three rate cuts last year.
🔥 Fed Chairman Jerome Powell will face the press shortly after the policy meeting, and all eyes will be on whether or not he will address Trump’s public calls for lower interest rates. This adds to the long-standing tension between the president and Powell, whom Trump has repeatedly threatened to remove from office.
❌️ But Powell has firmly said he plans to complete his term and has also stressed that the president does not have the authority to fire him. According to the US Constitution, he is right
🟢 The independence of the Federal Reserve has always been key to its credibility, so any perceived tampering from the White House could have dire consequences for the entire global economy.
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