๐ฑTrump is once again taking aim at Fed Chair Jerome Powell, saying โhis termination canโt come fast enoughโ and criticizing him for being too slow on rate cuts. There are reports that the White House is actively exploring whether Powell can be removed.
Letโs be honestโTrump is a politician. Heโs pushing for rate cuts because they tend to boost markets and make the economy look stronger under his watch.
But the Fed isnโt there to serve political interests. Powellโs role is to manage inflation, employment, and overall economic stability based on dataโnot presidential pressure.
If a sitting president were to remove a Fed Chair simply for not cutting rates, it would seriously undermine the Fedโs independence. Thatโs not a small dealโit could rattle the entire foundation of U.S. monetary policy.
So, what would this mean for the markets?
In the short term, it could spark panic. Stocks would likely take the first hit, and crypto wouldnโt be far behindโdespite the narrative, crypto still moves in line with broader risk assets like tech stocks.
This isnโt just political theater. Itโs a real test of the Fedโs autonomy and the credibility of U.S. economic governance.
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