The Trump vs. Powell Standoff Is Heating Up 🔥
Trump is ramping up pressure on Fed Chair Jerome Powell, criticizing him almost daily for not cutting interest rates — and even floating the idea of firing him.
But here’s the reality: firing Powell isn’t likely.
Why? Because removing the Fed Chair would undermine the credibility and independence of the Federal Reserve — a move that could rattle global markets and shake confidence in the U.S. dollar, which underpins global economic stability.
The Fed’s reputation is a cornerstone of USD dominance worldwide. Any disruption there could trigger serious consequences.
So realistically, we’re left with two potential outcomes:
Powell steps down voluntarily
Powell gives in to rate cut pressure
Either scenario could be bullish for markets — and for our portfolios. 📈
Let’s stay ready.