#TrumpVsPowell Is Trump risking the markets?! Fears of financial collapse restrain him in facing Powell
In a move that is not surprising given his loud approach, President Donald Trump has once again aimed his criticism at Federal Reserve Chairman Jerome Powell, accusing him of "playing politics" and failing to cut interest rates. However, behind the scenes, the situation appears to be much more complicated.
☄️ While Trump continues to wave the "nuclear option" – meaning ousting Powell – sources close to the White House indicate that the president has begun to exhibit an unusual caution, driven by the specter of a catastrophic financial crisis that could tarnish his political legacy. "If I want him out, he will be out quickly, believe me!" Trump said from the Oval Office, before following it up with an angry post on platform X: "Firing Powell cannot come quickly enough!"
⚠️ But advisors, led by Treasury Secretary Scott Pison, have sounded the alarm for the president: any attempt to remove Powell will not go smoothly, either legally or financially. Tampering with the independence of the central bank – the cornerstone of Wall Street's trust – could spark widespread financial panic.
Sources add that Trump, despite his sharp tone, has become more aware of the seriousness of the situation. He speaks in private meetings about the nightmare of "1929" – referring to the Great Depression – as if this scenario has started to loom over his mind.
