💥 Exciting Rumors: Was Powell Forced to Resign by Trump?
Some sources have circulated rumors suggesting that Jerome Powell was ousted from his position under pressure from Trump, and some believe this is a good thing because the "printing machine" will operate non-stop 💸.
But let's set the record straight:
1️⃣ Personally, I highly doubt the validity of these rumors. Powell has always defended the independence of the Fed, and it is clear that he is the type who will fight to maintain it.
2️⃣ If the rumor were true, the markets would collapse immediately!
Investors, more than their desire to lower interest rates or print money, want the independence of the Fed and the separation of powers.
The drop in my opinion (if true) would be temporary 🤷♂️
🚨⚠️ But caution about this happening (if true) is necessary
$XRP
