CURRENT UPDATE ON CRYPTOCURRENCY
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🚨🚨 #TRUMP 🚨🚨
🚨 HUGE: Trump Ramps Up Attacks on Fed Chair Jerome Powell
In a fiery post just minutes ago, Donald Trump slammed Federal Reserve Chair Jerome Powell—again—calling him “Too Late Jerome” and saying “Powell’s termination cannot come fast enough.” Here's what’s going on:
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📉 Why Trump’s Fuming:
Interest Rates Drama: The European Central Bank is gearing up for its 7th rate cut, while the Fed hasn't budged. Trump’s furious Powell hasn’t followed suit.
Blames Powell for Delay: Trump says Powell is “always too late and wrong” and is missing the moment—especially with oil prices down, groceries cheaper, and the economy getting a boost from tariffs.
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🧨 What Trump Wants:
Immediate Rate Cuts: He’s pushing hard for the Fed to slash interest rates right now—and blames Powell for holding the economy back.
Leadership Change: Trump didn’t hold back—he wants Powell gone, suggesting he should’ve been replaced “long ago.”
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⚖️ Can He Actually Fire Powell?
Short Answer: No. Presidents can’t fire the Fed Chair just for policy differences. Powell’s term runs until May 2026, and he’s made it clear he won’t resign.
Powell responded in a past interview with a firm: “No” when asked if he’d step down under pressure.
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📊 Why It Matters:
Market Volatility Ahead? This back-and-forth could shake investor confidence, especially if the Fed’s independence is called into question.
Inflation Watch: Powell’s also warned that Trump’s proposed tariffs could push inflation higher—not exactly the environment to cut rates in.
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🔮 Looking Forward:
If Trump wins back the White House, one thing’s for sure: Powell’s not getting reappointed. The future of the Fed could look very different under a second Trump term.
🚨 HUGE: Trump Ramps Up Attacks on Fed Chair Jerome Powell
In a fiery post just minutes ago, Donald Trump slammed Federal Reserve Chair Jerome Powell—again—calling him “Too Late Jerome” and saying “Powell’s termination cannot come fast enough.” Here's what’s going on:
---
📉 Why Trump’s Fuming:
Interest Rates Drama: The European Central Bank is gearing up for its 7th rate cut, while the Fed hasn't budged. Trump’s furious Powell hasn’t followed suit.
Blames Powell for Delay: Trump says Powell is “always too late and wrong” and is missing the moment—especially with oil prices down, groceries cheaper, and the economy getting a boost from tariffs.
---
🧨 What Trump Wants:
Immediate Rate Cuts: He’s pushing hard for the Fed to slash interest rates right now—and blames Powell for holding the economy back.
Leadership Change: Trump didn’t hold back—he wants Powell gone, suggesting he should’ve been replaced “long ago.”
---
⚖️ Can He Actually Fire Powell?
Short Answer: No. Presidents can’t fire the Fed Chair just for policy differences. Powell’s term runs until May 2026, and he’s made it clear he won’t resign.
Powell responded in a past interview with a firm: “No” when asked if he’d step down under pressure.
---
📊 Why It Matters:
Market Volatility Ahead? This back-and-forth could shake investor confidence, especially if the Fed’s independence is called into question.
Inflation Watch: Powell’s also warned that Trump’s proposed tariffs could push inflation higher—not exactly the environment to cut rates in.
---
🔮 Looking Forward:
If Trump wins back the White House, one thing’s for sure: Powell’s not getting reappointed. The future of the Fed could look very different under a second Trump term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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