#PowellVsTrump
🚨 Trump vs. Powell: The Feud Escalates 🚨
The drama between President Trump and Fed Chair Jerome Powell just hit another level. Here's the latest:
🧨 Trump hinted at firing Powell (again), citing possible financial misconduct over a costly Fed HQ renovation — a move that briefly shook the markets.
🏛️ The Fed project? Trump calls it “lavish” and “over-budget.” Powell has now asked for an internal review.
📉 The dollar dropped 1% and yields jumped, but stabilized after Trump walked back the threat.
🪙 Trump's pressure campaign could complicate future interest rate cuts — markets are watching closely.
👀 With Powell’s term ending next May, Trump is already eyeing replacements.
⚖️ Critics warn this could erode the Fed’s independence, hurting growth and raising inflation risks.
Even Elizabeth Warren — a Powell critic — is calling out Trump’s motives. 🔥
📊 Fed vs. Politics… buckle up.
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