#PowellRemarks [20/04, 17:39] Business assistant: Here's the latest news and developments related to Federal Reserve Chairman Jerome Powell ¹ ² ³:
- *Potential Firing by Trump*: President Donald Trump has expressed frustration with Powell's cautious approach to interest rates, stating that "Powell's termination cannot come fast enough." However, experts warn that firing Powell would set a bad precedent and potentially destabilize the US economy.
- *Market Impact*: Senator Elizabeth Warren cautioned that removing Powell would undermine investor confidence in the integrity of US capital markets and could trigger a financial crash. French Finance Minister Eric Lombard also warned that firing Powell would harm the dollar's credibility and lead to higher debt servicing costs.
- *Powell's Response*: Powell has affirmed his commitment to serving as Fed Chair until May 2026, stating that US law doesn't permit the President to dismiss him from his position.
- *Interest Rate Decisions*: The market is watching the Fed's next move on rates, with a near 62% chance of a rate cut by June, according to CME's FedWatch tool.
- *Polymarket Odds*: Bets on Trump firing Powell have spiked, with odds reaching an all-time high of 21%. Many believe this would be both legally mur
[20/04, 17:39] Business assistant: Here's the latest news and developments related to Federal Reserve Chairman Jerome Powell ¹ ² ³:
- *Potential Firing by Trump*: President Donald Trump has expressed frustration with Powell's cautious approach to interest rates, stating that "Powell's termination cannot come fast enough." However, experts warn that firing Powell would set a bad precedent and potentially destabilize the US economy.
- *Market Impact*: Senator Elizabeth Warren cautioned that removing Powell would undermine investor confidence in the integrity of US capital markets and could trigger a financial crash. French Finance Minister Eric Lombard also warned that firing Powell would harm the dollar's credibility and lead to higher debt servicing costs.