💥 Rumors: Was Powell forced to resign by Trump?
Some sources have circulated rumors that Jerome Powell was removed from his position under pressure from Trump, and some believe this is a good thing because the "printing machine" will work non-stop 💸.
But let's put things in perspective:
1️⃣ Personally, I highly doubt the validity of these rumors.
Because Powell has always defended the independence of the Federal Reserve, and it is clear that he is the type who will fight to maintain it.
2️⃣ If the rumor is true, the markets will collapse immediately!
Investors, more than their desire for lower interest rates or money printing, want the independence of the Fed and the separation of powers.
There may be a decline (if true) that would be temporary 🤷♂️
🚨⚠️ But beware of this happening.
📌 Deals should be secured until Powell's speech, which will be broadcast tonight at 8 PM Saudi time
